My target of 2600/2800 remains intact

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
I still think it will go that low, even if we see any substantial bounce during the dump.
Here is why:

- Red trendlines are repeating and they all get broken at the end in a last massive sell off.

- Even weekly MACD seems to show oversold condition and the lines have crossed, it can just go up a bit and go down again. It doesn’t show a lot of strength.

- Focus on the bigger picture. Monthly MACD is free falling and the last time it happened (2014), the situation was similar.

- People without any knowledge of supports, resistances, Fibonacci, Gann , etc., are still scared. My question is, would you buy a coin that every time it pumps, it draws a lower high? If I didn’t know about trading analysis, I wouldn’t get in, to be honest.

This is just an idea and I can’t be wrong, of course. I’m not responsible of your actions, so trade or invest carefully.

Have a good day! ;)
Comment: I forgot to add the % it dropped in 2011. It was around 94%.

Sorry ;)
Comment: After reading it again, I saw some mistakes in my writing. I’m sorry. English is not my mother tongue and I didn’t realise about those details.
Point 2, I meant “ALTHOUGH weekly MACD seems to show...” and the last sentence “This is just an idea and I CAN be wrong...”.
I’m so sorry, hope you knew what I meant.

Have a good day :)
Thanks Bro, do you think It can take up to 1127 day like 2014 to return 20k ?
Andbcoin mohammednasserbu255
@mohammednasserbu255, Hi, there! :)
What do you mean by 1127 day? Do you mean if it can go to 1127? Well, it's a crash and it can, but I doubt it goes lower than 2600. Maths showed around 2800, as it also did fibonacci. Also, there's a support at this level. :)
dRends35 Andbcoin
@Andbcoin, 19783(151/1162) = 2571 :) ... That would be if this bear market was equal to the previous
+1 Reply
Andbcoin dRends35
@dRends35, Lol! You know now how I know the bottom! ;). Also, there is the key Fibo number 1.2. :)
+1 Reply
Andbcoin mohammednasserbu255
And yes, it will go up again and 20k will be nothing.
Anyways, I wouldn't buy now thinking it will go up. What if they ban crypto? Wait a bit and see if it goes to that level or goes up from here. ;)
of course will go to 20k but how longs it will take , that's a big issue
if the scenario repeated it self literally from end 2015 to reach the same top take 1127 day.
So that's impossible I think because bitcoin now, not as 2014 or 2015.
But I agree with of 5600 broken this will pickup to panic , but how longs take to reach 20k , the high value of 2017 this is the big issue!
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