BTCUSD - Need 2 months to make TOPSIf you go back top of Dec 2017 and Jun 2019, you can notice that whenver BTC made the top, it always need 2 months for making Top.
- The first month is always the last push (as far as possible). This is shown with a very long white candle with a noticible wick from above.
- The second month is the confusing month after the last push and people have no ideas on what to do next. This is shown with a black candle can be medium size or small (size is not important here as it all shows that the Top is in place)
So if we are on the last push of BTC for this month. This means the next month should be in Black candle. We will experience some confusions during next month but it ends up with a close < open. Then it's the reliable sign!
If next month works like that, what we expect then?
TIME: I expect 9-15 months of correction
PRICE: I expect 50% correction at least (then BTC is about 30,000 or less)
Altcoin: ??? Not a single Altcoin can survive with more than 50% value.
Should we wait for the bottom? Yes, we should off the computer and wait for the bottom, then diversify 30% into BTC and 70% for Altcoins which are alive with around 10-20% values left. It's great time for shopping.
Discuss below, thanks! :)
