BITCOIN IN DANGER, PRICE PREDICTION FOR 2020

2020年7月31日

Here is compare of Bitcoin with high chance of the similar plan for the current stage.

In April 2020 we have (1) base line with purple triangle. This market showing first signals of strength (1) after sharp drop of COVID-19 panic in March. In 2018 we have seen the first signals of the weakeness after sharp drop from 20k.

In May we've got pre-Halving euphoria stage 1-(2), market flooded with new traders and investors in the desire of fast profits. 2018 market start sloping down to 6k in after-crash euphoria, ppl start shorting bitcoin in the desire of fast profits, expansion of futures markets (bitmex, bybit, binance futures, etc)

June-July showed some consolidation pattern 2-(3) with exhausting price action where bulls turned bears and visa versa. Similar outlook market have in the 2018, exactly before breakout from 6k guardian.

Now in the beginning of the August we have a sharp breakout from consolidation and 10k guardian and this autumn I am looking at entrance in the Q3-Q4 Distribution of 2020.

In conclusion I notice the 3 phases of the move: RUN-PAUSE-RUN:

2018 3 phases of the move: RUN-PAUSE-RUN:


So the current market still have chances for good move up, and according to all years as always market activity in Q3-Q4 is higher than Q1-Q2, so fingers crossed for bull market :)

Stay tuned to the Artem Crypto and have good profits!