The Bitcoin Megabull starts Mid October 2019 Towards $200,000

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Basically we have been following this fractal on and off with the members and its looking very likely to play out now. So I am sharing it with you all in case the last devastating part of it completes in the next 24 hours with a steep drop to $8,700-7,600 or lower (that would margin call all late longers). There is a low probability that we see a wick that would touches $6,900-6,400 to form this large orange symmetrical triangle that ends in Mid October 2019 after which we can expect a break out towards $16,000-16,400 or even see the Megabull potentially start early.

This would make perfect sense to play out after completing the current 3 Drive Pattern and the final parabolic move/blow off top to $13,880 that hit our Monthly forecasted top Bollinger Band at $13,400-14,400 (target that we published on twitter few days ago too - make sure to follow us there and follow the telegram channel).

Bottom line, we are in need of a pull back and 3-4 months consolidation after rallying non stop since the $3,000s towards $13,880. A retrace closer to the 50% Fib at $8,500 well within our buying area at $8,700-7,600 would make perfect sense.

The consolidation for 3-4 months in the large orange triangle would allow Ethereum to have it's bull run past $400-440 towards $690-740 and allow ALTCOINS to have their well needed bull runs from Mid-July towards end of September after which Bitcoin would take over once again and start rallying!

Stop: Consider this chart VOID if by Saturday/Sunday (next 72 hours), Bitcoin remains strongly above $10,000 then we would be looking at another more bullish scenario.

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The short-term chart to watch for the next 72 hours has been published here. Like and share!