On July 22, 2023 we shared an alert about possible completion of a big bearish flag as the candles looked alarming. Today we got a confirmation and BTC is already down 12%.
Note that investing.com closes BTC weekly candles on Saturdays.
Possible classical flag targets: $6000-100 (one hundred).
Below is our track record of BTC forecasts. I doubt any other service could come even close to our records. If they do, I’d like to say big hello to them!
We posted this long term forecast in March 2021 when Bitcoin was $60k, a bachelor degree in cryptomining was among the most popular, and esquires here and there were expecting the coin to hit $150k. This is the quote from that post: “we would expect a multi-month correction, possibly as deep as $29000.”
You can just imagine the flow of messages we received. Nevertheless, fast forward 4 months, $BTC dropped to $28600 in July 2021, and we posted another chart, forecasting a primary move towards $70000-87000.
It took Bitcoin another 4 months to reach $69000, and it was likely the end of a Super Cycle.
In November 2021 we posted plenty of strong alarms and shared this chart below.
Pounding the table did not help. Nobody listened again.
Fast forward 19 months, and this is one of our perspective BTC charts.