I see two scenarios (thought of it last night):
1. Prices goes to 20k, and a dramatic crash follows, wiping out most coins and maybe some exchanges. Target is around 1k. This is the best scenarios, because most scammers will leave, and after a cleanse there'll be a new possibility to get 20-100x with Bitcoin.
2. As charted. Fake out at death cross cannot pass the 50D SMA and what ensues is the "dump" part of just another pump and dump. Crypto will die a slow death.
1. Prices goes to 20k, and a dramatic crash follows, wiping out most coins and maybe some exchanges. Target is around 1k. This is the best scenarios, because most scammers will leave, and after a cleanse there'll be a new possibility to get 20-100x with Bitcoin.
2. As charted. Fake out at death cross cannot pass the 50D SMA and what ensues is the "dump" part of just another pump and dump. Crypto will die a slow death.
Comment:
seems to be on its way down. I vaguely remember a more bearish idea, but that wasn't shared here...
