If everything was to go to plan ( but it never does with ) with the launch of BAKKT in Jan 2019 and the release of futures by NASDAQ by first quarter 2019, we could see a rally come mid January in anticipation of BAKKT release. As is oversold at the moment it is till looking and will continue in a downward trend and continue to trade sideways until then. Looks like setting itself up for between $2000USD and $1200USD, similar to its last significant sideways movement before the massive rally of last year. If everything lined up and was executed as per intended, could reach new by mid next year. If on the other hand, there where set backs we could see all new lows, driving the price down due to an anxious market. It seems as though the market is in the hands of large financial conglomerates, the very people was intended to escape. Do not be surprised if there where setbacks in releasing BAKKT, thus pushing the price of down even further. This would enable the whales to jump in at a lower price and to push all the weak hands out of the market. Keep an eye out for massive amounts of FUD between now and mid January and HODL ON !!!!!!!
Published at Sat, 01 Dec 2018 07:24:11 +0000
