I need to hurl this out there upfront: I am not a financial advisor and this is not financial advice. I am however someone with a PhD from one of the best universities in the world and am currently teaching in a private University in the north-east United States. Does this mean that I normally do not shoot from my hip? Maybe.
You can find my previous blog-post here:
https://steemit.com/bitcoin/@profchingachgook/crypto-market-forecast-and-an-appendix
Just a reminder that back in early July I had predicted some re-ordering of the market in the second week of August. I expect Bitcoin's correction to continue.
a) I expect this month to be an interesting one for Bitcoin. We are seeing a correction, which, by all accounts should continue with fits and starts. I expect Bitcoin to drop in the next two days but it will go up and drop again. My Mohican model predicts that Bitcoin will drop to at least 3400-3500, and maybe even 3100-3200 range in the coming few weeks. But this drop will not be linear. It will recover some ground and then drop precipitously and go back up again.
b) I expect Litecoin to de-couple itself from Bitcoin and the period post August 25th should see a robust surge for Litecoin. In fact between August 25-September 10, Litecoin should cross USD 100 very easily.
c) I expect Waves to surge ahead and cross USD 20 in the 30 days.
Again, I am laying out these predictions as a means to publicly test my Mohican model. This is not a finished product so please use your due diligence. If you check my previous post, you will see what I have been talking about. I am a very busy man so I really do not have the time to advertise my posts on Steemit, nor do I have the inclination to ornate my blog with images and other fancy stuff.
I have a few more thoughts that I will be sharing in due time. Till then, take care.