A small short-term BTC price movement forecast – compliments of yours truly
From big to small:
- The large converging triangle is still in play – this apex of this triangle lies in mid-July (solid white lines).
- BTC is still moving downwards after it’s last trip up above $4000. I expect a bounce around $3600 (solid yellow lines).
- Interim BTC movements are in a North-Easterly direction and are accordance with diagonal Fib levels.
The bigger picture looks like this:
In the short-term I expect a BTC movement something like this. Volume is dropping again so the next logical short-term move will probably be a dip.
Yours in crypto
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”
~ John Maynard Keynes
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