Bitcoin new big move is coming around November 21
Bitcoin is currently trading at $8550, volume is still dropping and the falling wedge narrowing, if the previous cup and handle repeats itself it will looks like this:
The first big move up will start around the last week of November 2019.
- 21 nov - 1 dec $9.000 - $9.300
- 1 dec - 6 dec $9.300 - $9.900
- 6 dec - 12 dec $9.900 - $12.000
- 12 dec - 30 dec $11.000 - $12.500
- 1 jan - 7 jan $12.000 - $11.800
- 8 jan - 25 jan $12.000 - $17.500
- 26 jan - 31 jan $16.000 - $12.500
The current supply/demand ratio is very low at 6.600, so is this goes up to 13.000 we are back in the game.