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

Comments

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)
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no way, that lower trendline is invalid
+1 Reply
@jason_88, So you think we're gonna beat it?
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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.
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What is Bitcoin and LTC going to do next ???
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great idea
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