Hello fellow cryptocurrency enthusiasts! I could not get around making another video about what I think is going to happen in the short term, and the short term is near, and here's why.
We all know most of this year's months we had highs and lows around the date of the 6th. And I don't think this last month of the year will be any different. December seems to be a month of hype regardless of the direction, hype on buy or hype to sell.
My personal opinion is that 3 things are happening in this period:
- Whales are accumulating ALTCOINS (if you look at the BTC value of alts, it's gone up most of cases - eg. Waves, MCO, are some that come in my mind)
- Weak hands are selling ALTCOINS in order to get out by then selling BTC for fiat
- We're in the month of presents, and some will be willing to sell some of their remaining profits to buy gifts (even if you pay with crypto, in the background there is a 3rd party company selling the crypto and then giving fiat to the companies).
So, my personal feeling is that we'll be seeing liquidity exit the market, and we might expect the price to fall into the Depression phase of the feelings chart most of us should be aware of.
If that really happens, we might fall down to one of these 2 levels of support, depending on how strong the FUD will be. My strongest belief is that we will not revisit 1890$ but I think we can see a short fall touching the 3000$ support level.
I'm curios what are your thoughts on my article, and about Bitcoin for the short term? What will you do in the event that my prediction happens, and most important in which category of behaviour are you positioned in?
Feel free to leave a comment, interact with this and see what's the feeling in the market.