Bullbrain

40K USD top for Bitcoin? Yes, we ain't out of the woods just yet

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
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3
An option that every trader should keep in mind is the 3-3-5 irregular flat pattern.
It's a bit strange that we are above the ATH already after a shorter bear
market than 2014 + amount of BTC transactions + USD sent over netwerk etc.
are still below 2018 peak, for me that's a red flag and that's why i think we get
one more bear market. And hopefully than we will not have a elliott double
combo wave... But a bull run from 1k to 100k!

Comments

Your previous analysis was better.
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Bullbrain ickylevel
@ickylevel, actually it is the same my friend only zoomed out
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I would disagree, look at the big picture:

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Bullbrain Crypto-Coin-Trader
@Crypto-Coin-Trader, dear friend, I am confident that it will head in the direction that you have given, but not in a straight line, the big players like to wash rinse repeat all of our money out of our pockets an therefore it will be path full of booby traps
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@Bullbrain, i agree, but not so extreme as you draw in your chart. 30-40% corrections on the other side are welcome!
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I think that's a little far fetched. It would have to do something that it's never done before especially after showing such great strength.
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Bullbrain dicky_retardo
@dicky_retardo, because BTC has never done it before, is to me a good reason, because it's a normal pattern in trading and the big companies are now on board to shed the money out of our pockets
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This is accurate analysis
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@abel11, thank you my friend
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