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BTC is NOT having a big crash this year again?
🕑 Added 2020-11-03 03:53:11 +0000 UTCMonday, 11.2.2020
I feel from now until EOY this is the possibility with BTC:
👉🏻Current BTC price is 13.6K.
1) There’s 75% chance, BTC has a retracement of 10-12%. Price will continue to fluctuate but the price drops will remain at this percentage
2) There’s 50% chance, BTC has a drop of 20%-25%
3) There’s 10%-20% chance, BTC has 30-40% crash to below 9.5K
a. Current BTC price 13.6K - 30% drops would take us to 9.5K
b. Current BTC price 13.6K - 40% drop would take BTC to 8.1K
I’ll update my “missed prediction room” for the calls that I predicted BTC would crash in October.
So, there is a HUGE chance BTC will not have that massive crash like the one in March 2020.
WHY? What’s happened? One word – FUNDAMENTAL
· Wall Street has entered the game (MicroStrategy, Square, Stone Ridge Asset Mgmt, GrayScale, JPM, PayPal), various countries around the world is using BTC as their reserve currency, Whales have been accumulating BTC
· I’ve been observing BTC’s energy and trends for many weeks. Each time we have from 3% and even 1% pull back, people buy and the market quickly propped up within hours. Demand is exceeding supply. If we didn’t have these buyers to prop up the market within minutes to hours, then we’d have the crash like March again.
This is what “ I think will happen.” The whales/corporations will continue to accumulate BTC – ride this sucker up to a level that becomes “overbought”, then whales will take profit off the top. That’s when BTC will have its 30%-40% drop. When will this occur? I don’t have that info unfortunately.
Timing isn’t my forte yet – I’m working with my guides, so we can predict more real time. Prediction will come to pass in days/weeks not months.
Once BTC loses it dominance (presently most of the money flow to the top meaning people buy BTC because of the rapid price increases), when whales/investors take profit. And then the money will flow into the alt market. That’s when Alt season 2.0 will begin.
The MAJOR alt season could take months to arrive.
Now, knowing that BTC “MIGHT not” drop to the 9.5K level and below by end of the year, what should you do? If you still need to load up your bag, buy coins with USDT pairing where you can:
· Theta – I do not see Theta will drop to 0.35 any longer unless BTC has 30-40% drop
· DGB – I do not see DGB will drop to below 1 cent. The price range you can buy DGB at is 0.0195, 0.0185, or 0.0179. For those who want DGB, each time it drops below 0.02, you should buy a little and this will add up to 1M quickly. My friend did that and within a few months, he got his 1M DGB. If one waits for a big crash to buy, it will cause you massive stress because DGB doesn’t stay low that long like VET. LOL
· ZIL – I do not see ZIL will drop to 0.0125 and 0.0079 because BTC has a difficulty dropping by 30-40%. ZIL has been able to drop to 0.017ish level but price gets prop up quickly after each drop. Price people can pick up ZIL at is 0.0170ish and 0.0160ish
· LINK – If BTC doesn’t drop by 40%, then LINK will have a hard time slipping to $4.50, the current price is 10.58.
Cryptodamus nailed October’s BTC forecast. Check his twitter acct. He will share with his followers which week in Nov/Dec it will have the MOST unfavorable days for BTC. I read somewhere he said early to mid-Dec is THE MOST UNFAVORABLE days for BTC. This will help you plan your alt purchase. I have a price but I don’t have timeline unfortunately. :(
Why we want the drop?: people who didn’t have a lot of money to pick up coins during March crash, want to load up their bags before the market takes off.
Why we don’t want the drop?: people who have been wearing their space suits and are ready to take off to the moon, don’t want the drop. They are ready to retire LOL 🌝 🚀
XLM’s highest price this year was 0.10 in August. Current price is 0.075, so XLM price is still reasonable.
Comments
Thank you
Thanks SL.
Wow! Excellent detailed scenarios. Looks like the drop is already initiating with the election today haha. My buy orders are ready! Thank you SL 👍🙏
Thanks JD! We want both- the crash and the bull market hahaha
JD
Great post, SL.
