BTC to $26k by Oct-20-2020 after inverse H&S Formation completes
Prior to the incoming $26k...
Expect a crash to begin over the next few days, dropping to $6200 on or around July 14th.
Next, the rebound:
Phase 1 target $9700 - Aug 17, 2020
This marks the end of the bearish market with a significant Inverse Head and Shoulders formation, which leads to the Phase 2 rally.
Phase 2 target $14,500 - Sept 4, 2020
Phase 2 rally gives new hope and results in FOMO driving the bear even higher in Phase 3.
Phase 3 target $26,000 - Oct 20, 2020
Phase 3 is simply the completion of FOMO and I expect a rapid drop after topping out at/around $26,000.
Expect a crash to begin over the next few days, dropping to $6200 on or around July 14th.
Next, the rebound:
Phase 1 target $9700 - Aug 17, 2020
This marks the end of the bearish market with a significant Inverse Head and Shoulders formation, which leads to the Phase 2 rally.
Phase 2 target $14,500 - Sept 4, 2020
Phase 2 rally gives new hope and results in FOMO driving the bear even higher in Phase 3.
Phase 3 target $26,000 - Oct 20, 2020
Phase 3 is simply the completion of FOMO and I expect a rapid drop after topping out at/around $26,000.
Trade closed: target reached:
Target was reached, but 2 months later than expected.
