Such the most predictable crash ever. How many times are we going to say:

Buy the rumor, sell the news...

Before people start actually figuring it out?
I'm talking to myself here as well.

I've been predicting Bitcoin to $7500 in Sept/Oct since June 16. Bitcoin was at 9k and the title of the post was "Bitcoin has never been worth more than it is right now." lol... Then we spiked up another 4k in 10 days. That didn't matter, I always thought Bitcoin was coming down to $7500 no matter how high it was going to spike.

This is the springboard for the winter run-up, and it's going to be epic.

Seriously though. Litecoin is just going to go nuts. I feel like the halving event is just free money for everyone who wants to swing trade for the next 3-4 months. Just like all the other Bitcoin halfenings and apparently Bakkt, traders price in the event early and then the market dumps due to lack of fundamentals. The impatience is palpable and predictable at this point. The irony of someone being impatient after their asset just went x3 shouldn't be lost on us.

This is what happened to Bitcoin on July 9, 2016. Traders priced in the event early, then the news was dumped. It took over 3 months to recover from the dump, but its only moon from there. We are at that springboard right now... at least fundamentally Litecoin is.

Litecoin

Never thought I'd be bullish on Litecoin again, but here we are. The halving event was on August 4th. The fundamental gains that flow into Litecoin through its tether to Bitcoin will be added to a traditional winter bull market and the Litecoin halving event. This could include value trickling in from Bakkt and false hype from Bitcoin's halving event as well.

Litecoin is very close with Bitcoin, and in my opinion quite oversold at the moment due to being dumped by 2 events (bakkt and halvening)

Think about how much the faucet has been turned off. There's a new Litecoin block every ~2.5 minutes. Each block is generating 12.5 less coins.

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• 300 less coins an hour
• 7200 less coins a day
• 216,000 less coins a month

Let these numbers sink in.

This has been happening for less than 2 months, friends.

Just wait till month 6 or month 12.

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Also I expect a lot of Bitcoin halving hype.

So assuming Litecoin spikes out of control this winter, guess what's going to happen? All the 'experts' will be like:

Wow! That halving event really did work! How could we have known!......

That delusion will then trickle into the hype of Bitcoin halving in mid May, and we might see an epic pump an dump in January with a fantastic crash in Feb/March/April. How many times will Bitcoin be declared dead this time? No one knows.

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Bakkt will probably do the same thing as a halving event;
slowly drain liquidity from the pool over time.

Imagine money coming into the pool and money flowing out. If you cut the 'in' faucet by half, what happens? The pool very slowly starts to drain over time. Traders capitalize on the market knowing a bunch of dumb money is jumping in there guns a blazing thinking that liquidity is going to get drained instantly. It doesn't.

Fundamental gains take 6-12 months to materialize.

This is especially true because the market tries to price in the event in early and ends up putting everything into a tale-spin right on day 1. When you think about it, it's honestly a pretty dumb thing to do but no one has control over these markets. Every fundamental gain is being dumped, killing most of the hype of that fundamental gain right on day 1.

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Or maybe it's a great idea because that's the best way to get the most predictable volatility in your market. Traders gotta trade.

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Conclusion

• Buy the rumor, sell the news.
• Expect fundamental gains to springboard off the low of the pump and dump.
• OMG Litecoin free money swing trade (sell in Dec/Jan for Steem :D)

I'm calling it, October is the bottom.
I doubt prices will ever get this low ever again.