BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
What do you think of the options?
let's take a vote:
1 option

2 option

3 option

4 option
Comment: which option do you choose?
Trade active: short term position


My view is Option 1 and 2 have a < 0.1% probability, maybe even lower. Below $2900 would indicate the entire system has failed and there is no chance it would just go on to make new highs. In a macro environment where all fiat base moneys are being printed at an 18%+ clip as of Q1 2020, and accelerating - I don't see why anyone holding Bitcoin would sell hard-capped money with superior monetary properties for garbage limitlessly printed money.

The deepest correction possible would be another global liquidity crunch (ie. stock market panic 2).

Given this, Option 3 seems most reasonable. Option 4 is probably drawn over too long of a time frame (until end of 2020 with no progress?) but is possible.
+1 Reply
I pray for this everyday
+1 Reply
Valeriia_Top nagihatoum
@nagihatoum, I have a script like that, too)
no way, that lower trendline is invalid
+1 Reply
@jason_88, So you think we're gonna beat it?
I don't think Option 1 & 2 would ever get that low. Miners would stop at those low levels. And that would mean something worse has happened other than a worldly pandemic where the entire planet shuts down. I think Option 3 is where it's at (and I'm not saying that as a moonboy, saying that because I think the next bull run will happen in 2021, but it'll peak around 90K or so. But of course I have no clue and neither does anyone else. But it's an educated guess.
What is Bitcoin and LTC going to do next ???
great idea
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out