Rektember - Will this trigger the final dump?

Updated

We are heading into September and overall markets do not look good. Will we enter the final leg down before some sideways action in 2023.
We cannot ignore the fact that the MtGox 137,000 BTC release and potensial sell the Ethereum merge news will continue to contribute to the market drawdown.

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If we assume that the bottom is in by end of 2023. What will the price outlook be for 2023?

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September has been bad, but no rektember. Will we now get a pumptober?

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I'm seeing alot of bearish divs on the 4 hour. Could be the start of a continuation to the downside for higher timeframes.

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Strong pump yesterday that continues today. Is this a liquidity grab before the futures/options expiry on friday? Max pain is at $19500

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75 bps rate hike. So a little shortsqueeze before we get a slow bleed.

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Now that we are plummeting, will we reach the 10k. Or even lower at the cme gap at 9k.

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We are now halv way into the estimated bottom. If we have not reached close to 10k in the middle to the end of desember we need to assume that the bottom was in november.

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On track to 150k BTC. We could drop to 40k and still be in the bull market.

arcone

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