The pullback, which I have already spoken about on several occasions, is drawing to a close.

Originally predicted here the pullback got underway and I then called the bottom in this post a week ago. Whether it will drop quite as low as what I first envisaged is hard to say, but I'm still very confident of my timeline.

Take a look for yourself:

This is the pullback image I posted in my original prediction:
Modified by @bitbrain from https://coinmarketcap.com/charts/

and this is my latest one with the latest price movement data:

Modified by @bitbrain from https://coinmarketcap.com/charts/

I have included a rough plot of the long-term trendline that I think the price will recover towards, as well as the possible short -term scenario of a little dip to the $320 bn Total Market Cap region and a scenario where the prices recover at around current levels. I'm not going to say which scenario is more likely because I simply don't know and I've already guessed more than enough about this pullback in my other posts on it.

For more on my long-term trendlines, visit any number of posts of mine. I linked to several good ones in my post of yesterday.

The take home message

I'm writing this post to say that I'm very happy about the way that this pullback is going. I consider the current chart to indicate exactly what I would like to see at this stage: a healthy pullback drawing towards a close. I believe this will be followed by further very positive price movement. And that's very conservative wording considering what I believe the future to hold!

Standby for good things shortly my crypto friends. Your patience should soon be rewarded.

And buy some MyWish (WISH) tokens while you're waiting - just a random hint from Uncle Bit Brain - use it / don't use it; I don't care, I already have mine!

Yours in crypto,
Bit Brain

DISCLAIMER:
I am neither a financial advisor nor a professional trader/investor. This is not financial advice, investment advice or trading advice. Unless otherwise stated, all my posts are my opinion and nothing more. Crypto is highly volatile and you can easily lose everything in crypto. You invest at your own risk! Information I post may be erroneous or construed as being misleading. I will not be held responsible for anything which is incorrect, missing, out-of-date or fabricated. Any information you use is done so at your own risk. Always Do Your Own Research (DYOR) and realise that you and you alone are responsible for your crypto portfolio and whatever happens to it.