BitcoinLong
Sep 2018 BTC price prediction - down to 5xxx
Updated
Even everyone are bullish like fruit, I still not trust this market.
Don't forget, we still have the ETF result await us and I'm quite sure that SEC might release the result ( reject/postpone ) before 30 Sep.
So what is the possible scenario in my opinion?
Due to the CBOE settlement date, it's very coincident that BTC price are likely to dump/pump in between CBOE date and then, the price will dump/pump around 30% from the top/bottom of BTC's price.
So, this couple days we experience massive bull run and a lot of indicators are point toward uptrend, these are my idea about the BTC price in Sep 2018.
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Scenario #1 : We go to 7500, then down to 7000 then 7500 and SEC reject ETF and price go down to 5250 ( 30% )
** reason : 7500 is 0.618 fib level and it's key resistant of EMA 200
Scenario#2 : We go to 7800, then down to 7500, and bounce back to 7800 again. Then SEC reject ETF, price go down to 5500 ( 30% )
** Reason : 7800 is key resistant from before, also 0.786 fib
Scenario#3 : We go to 8000, then down to 7800, and 8000 again. Then SEC reject ETF and down to 5600 ( 30% )
** Reason : 8000 is just psychological resistant, nothing more :D
Scenario#4 ( rarely ) : we go to 7500-8000 and then SEC approve ETF, price skyrocket to 14,000
** ... just my imagination hahaha if this happen, it will be like 2014 that price break trend line but it's just a big bull trap and down to 4000 in 2019
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I don't know what gonna happen in this crypto market but we still in downtrend, except this time we break 8500 and go to 9000 before goin down ( higher high )
Note
So it's begin.. blah blah blahLet's see how low it can go haha
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