BTC decline far from over - to 8,800$!
Hi, guys.
Haven't really been posting this week, but we made the call on our paid chats on Monday that BTC would have one of its worst weeks, and thats exactly whats happened - check our Instagram out for a post on this, and to see what we told our clients.
Ok, moving on, the biggest question I am getting is - Whens the decline going to be over ? In this post we will break down the possibilities because this is all after all a bunch of possibilities and you need to pick the one thats most plausible.
At the moment, we have just bounced off the 9700$ support level and the bulls have gotten some breathing space... what will they do with this ? Well, we could potentially see an increase to the 10.2k region and even 10.4k. Also, please bare in mind that the current price were at was the 0.618 fib level, which we had previously used as support to go up even more - this could actually happen again.
However, what is more likely to happen is a continuation of this square discrete behaviour, which is a clear sign of manipulation (price falls, then a short period of calm, then another fall... rather than one big fall - this is catching a lot of people out and wiping out accounts).
Therefore, we see a decline to 8800$ being very imminent. Our more conservative target for a decline is 9.2k!
The point of this post is everyone needs to brace themselves because virtually anything could happen right now, and stay out of the market till you see the signs again.
To stay up to date with our analysis, which is often the earliest and best prediction of the market, follow our telegram down below and our other social media.
Thanks,
Cryptofelix!
Haven't really been posting this week, but we made the call on our paid chats on Monday that BTC would have one of its worst weeks, and thats exactly whats happened - check our Instagram out for a post on this, and to see what we told our clients.
Ok, moving on, the biggest question I am getting is - Whens the decline going to be over ? In this post we will break down the possibilities because this is all after all a bunch of possibilities and you need to pick the one thats most plausible.
At the moment, we have just bounced off the 9700$ support level and the bulls have gotten some breathing space... what will they do with this ? Well, we could potentially see an increase to the 10.2k region and even 10.4k. Also, please bare in mind that the current price were at was the 0.618 fib level, which we had previously used as support to go up even more - this could actually happen again.
However, what is more likely to happen is a continuation of this square discrete behaviour, which is a clear sign of manipulation (price falls, then a short period of calm, then another fall... rather than one big fall - this is catching a lot of people out and wiping out accounts).
Therefore, we see a decline to 8800$ being very imminent. Our more conservative target for a decline is 9.2k!
The point of this post is everyone needs to brace themselves because virtually anything could happen right now, and stay out of the market till you see the signs again.
To stay up to date with our analysis, which is often the earliest and best prediction of the market, follow our telegram down below and our other social media.
Thanks,
Cryptofelix!
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