Short-term correction inbound towards $10100?

2 ago 2019

Price seems struggling at the current level around 10500 and since we had a big increase yesterday we might see a correction in the near-term. I think many analysts will predict this to trend down to new lows as many said previously. However, I think the correction will be short-lived and fomo will be big. Also keep your eyes open for any news about US bitcoin ETFs that could boost the price.

In case the price breaks above the first small triangle, we could skip this correction and jump closer to 11k where there looks to be more resistance (many previous tops and bottoms around that level)

2 ago 2019

Nota

I realized that I probably squeezed the time range a bit too much, I think the entire prediction could be extended by a day or so. Possibly this could also give a chance to coincide with ETF news on Monday, but that's just my own wild speculation.

2 ago 2019

Nota

It starts to look more like we might break out to the top, keep your eyes open within the next hour. In case we see a stronger upwards candle with good volume I would consider my prediction invalid

2 ago 2019

Nota

Still no strong break out. Since we're just drifting sideways now without much volume I recommend not to open any position until price starts to move faster and with increasing volume.

2 ago 2019

Nota

Just broke out to the top with a burst of good sudden volume. I would guess we're heading for 11000 next

2 ago 2019

Nota

We're now around the end of the triangle, and I still think that we might see a similar price action as my prediction, even though we got that spike upwards which came out of the blue. As i started before the whole prediction needs to be stretched out over a bit longer time probably.