Phase I of My BTC and ETH Price Predictions for September is Playing Out as I Predicted
Now will Phase II of my predictions play out as predicted as well?
Phase I of my BTC and ETH price predictions that I issued here on 28 August is playing out exactly as predicted, with price volatility now spiking in both these cryptocurrencies after both experienced a period of relative calm in prices for weeks on end. Here’s exactly what I stated in that article below:
“When BTC/ETH price volatility begins to spike at the end of this month (August) into September (or at least I expect this to happen), here is my best GUESS for how this price volatility will play out…I believe, based upon my understanding of how bankers manipulate cryptocurrency prices, that they will initially spike BTC and ETH prices higher.”
From the charts below, we can easily observe that this is exactly what has happened since then. After a period of relative calm, price volatility has spiked for ETH, and though there has been a couple of episodes of downward volatility that I’ve circled in the below chart, the initial trend has been a spike higher, by 19.92%, ever since I predicted a price spike higher in ETH was coming early this month.
And regarding BTC below, though BTC had a brief bout of slight downward volatility of -5.14% at first, since then, it has risen by 13.30%, thus fulfilling my initial Phase I prediction of an initial spike higher since late August.
I’ve already discussed in the subscriber only articles/podcasts on this platform the basis behind my recent BTC/ETH predictions as well as the fact that this basis degrades the integrity of cryptocurrency trading and always increases the magnitude by which bankers can manipulate BTC and ETH prices. Even though cryptocurrency maximalists continue to deny and dismiss these indisputable facts, because I’ve discussed this basis ad nauseum already on the subscriber only publications/podcasts here, I’m not going to repeat myself in this article. But I will discuss the likelihood of Phase II of my prediction coming true. So let’s discuss what has already happened and what is likely to happen within the framework of my 28 August predictions.