The Bitcoin chart has been going exponential in the last few months, that rise now seems to be over with obvious technical level breached on the downside. This may be the top for now, and may represent THE top for the entire crypto space. When Bitcoin starts to fall, every crypto will fall, they move as a pack. Bitcoin investors will therefore not be safe in altcoins, as many of them think. The only way to lock in profits is to move out of cryptos once the top is in.
@Johnsdad, Surprisingly its unfolding as I suspected. Right now I believe Bitcoin is on it's way to the $2500 area before next bounce, that's just guessing based on how the chart looks. If it goes to $2500, I will buy, and then sell in to the next upside rally
Malkaviano
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Somewhere here on TradingView there was an idea explaining this pull back to other STILL exponential levels - what has happened over november.
When it crosses that line, then we will worry ;)
(note that a fallback to any of the lines you indicated would still maintain exponential growth of BTC long term )
For now, every trade in btc is risky, as we can only estimate the fallback.