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Bullbrain
Dec 20, 2020 2:44 PM

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

Bitcoin Liquid IndexBrave New Coin

Description

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

Bullbrain
@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
Crypto-Coin-Trader
@Bullbrain, i agree, but not so extreme as you draw in your chart. 30-40% corrections on the other side are welcome!
WeAreSat0shi
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.
Bullbrain
@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
abel11
This is accurate analysis
Bullbrain
@abel11, thank you my friend
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