Gold 2020 Forecast: Sharp Drop Coming for Bitcoin -- September Caution
In this video Bo Polny, a cycles analyst, shows the Bitcoin chart and explains his September prediction for a rise in the Bitcoin price followed by a precipitous drop before going over $10,000 USD.
EtcMike's Note: Bo's predictions seem to align with Clif High's predictions for Bitcoin where the webbot predicts a high of over $6,000 before a sharp precipitous drop in price followed by a rise to over $13,000 in early 2018.
Topics:
- Previous Bitcoin cycle predictions (0:20);
- Previous August prediction for Bitcoin price movement (2:37);
- Predicts current upward movement in Bitcoin price is not over but expects top in September (3:39);
- Predicts sharp drop of $2,500 to $3,000 USD in price of Bitcoin after reaching September top (3:55);
- Comments from his subscribers about previous predictions (4:06);
- Newsletter sales pitch (4:25);
AVOID the Coming $2500 - $3000 bitcoin SHARP DROP!
5 minute video from Gold 2020 Forecast published on 1 September 2017
YouTube Channel: Gold 2020 Forecast
Website: Gold 2020 Forecast
I am not affiliated with Gold 2020 Forecast. I am a subscriber to the Gold 2020 Forecast YouTube channel.
Bitcoin crypto currency is too fast to rise its price, it's like a game that can trap the beginners who follow the trending. hopefully the price will remain stable, and all can benefit by bitcoin investment.
BTC is supposed to stabilize when the price gets much higher. Until then there will be wild swing up and down.
Have a great week!
Steem on,
Mike
nice vidio sir @etcmike
thank you for sharing.
good market info. thank you good job
This is reality. However it is always very tricky and we have to exercise much caution in playing it right. It's not easy to ride a bucking bronco.
My advice from having made every mistake in the book. Don't sell absolutely everything, you won't get it back. Take some percentage of profits into strength on everything that has gone way up -- you will get it back at a lower price.
Whether you keep your cash on the sidelines in a crypto derivative USDT or SBD, etc. or whether you take it out in Fiat depends on your obligations in fiat.
Good advice.
Corrections are a good thing for a market.
While I did not sell any of my Litecoin yesterday, I did convert some BTC into ETH. I used the ETH this morning to get into an ICO pre-sale.
Have a great weekend!
Steem on,
Mike
Hey you just can't call the timing. That was indeed a significant drop. Was that it? Well yes, until the next one!
It seems like the quality cryptocurrencies recover relatively quickly after these sharp dips. This is why I was a buyer during this dip.
You are very correct, there will always be the next dip.
Have a great week!
Steem on,
Mike
Whatever may be the market trend, bitcoin in itself is able to change the trend of the market. Bitcoin is on rise and nothing is gonna stop it. It may just be idle sometimes or will take some rest.
Great post friend new on steemit follow you Up&Resteem
Great info...thanks for sharing @etcmike ...