Another doomsday prediction (more for fun to see if it really plays out) for when the BTC bubble will pop
The April 2013 and the December 2013 bubbles saw a maximum of 4.3x and 4.5x cumulative monthly growth figures in the 2 days before each bubble popped.
Until last week we were sitting quite comfortably in the 2x monthly growth channel. However with the recent run-up and dump, the new channel that has formed(?) looks likely to be an 8x monthly growth channel - i.e. BTC will double over the next week. This will lead us once again to a 4x cummulative monthly growth - similar to what BTC did twice in 2013.
Usually there is a trigger though as to the price movements. I think the CME futures is the carrot on the stick which will lead to this growth. What actually happens on the 18th of December is anybody's guess though. Maybe the Korean's release some major FUD about banning exchange, or maybe there's so wild manipulation with the futures by wall street and co will dump the price. Or maybe people will just be like, "yup this is too crazy, I'm getting out " and the panic selling starts. Who knows. Maybe the bubble won't pop and we truly are in "new paradigm" territory as stated on all the charts describing sentiment around stock bubbles. Either way, bubbles have happened way too often in history, and in my opinion, this time is no different. Anyway, my random bubble pop target is 25k€ or 30k USD
This graph is mainly so I can have record of what happened. If it holds true, I'll be setting sell stops 2k€ below the current price after we hit 20k€.
The April 2013 and the December 2013 bubbles saw a maximum of 4.3x and 4.5x cumulative monthly growth figures in the 2 days before each bubble popped.
Until last week we were sitting quite comfortably in the 2x monthly growth channel. However with the recent run-up and dump, the new channel that has formed(?) looks likely to be an 8x monthly growth channel - i.e. BTC will double over the next week. This will lead us once again to a 4x cummulative monthly growth - similar to what BTC did twice in 2013.
Usually there is a trigger though as to the price movements. I think the CME futures is the carrot on the stick which will lead to this growth. What actually happens on the 18th of December is anybody's guess though. Maybe the Korean's release some major FUD about banning exchange, or maybe there's so wild manipulation with the futures by wall street and co will dump the price. Or maybe people will just be like, "yup this is too crazy, I'm getting out " and the panic selling starts. Who knows. Maybe the bubble won't pop and we truly are in "new paradigm" territory as stated on all the charts describing sentiment around stock bubbles. Either way, bubbles have happened way too often in history, and in my opinion, this time is no different. Anyway, my random bubble pop target is 25k€ or 30k USD
This graph is mainly so I can have record of what happened. If it holds true, I'll be setting sell stops 2k€ below the current price after we hit 20k€.