This obviously isn't a technical analysis, but an example of what a blow-off would look like if it is indeed what we are going to experience (and i strongly believe we are).
We know that bitcoin is a speculative bubble, we know what a speculative bubble blow-off look like, we know that a bubble that takes 10 years to appear can blow-off in just a few months.
Take care of your money and most importantly of yourself and your family, don't stay in a sinking boat because of anger, fear or greed, take whatever loss/profit you made and get out of the biggest ponzi scheme ever created before it's too late ;)
Nice work bro - People don't learn until it happens. I posted similar last year since 14k
DaSmooth
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@ovac4u, oh really? What I see, is that you posted some "analyses" where your target was already under 3k before the end of february while in reality, bitcoin was testing 10k. Where it failed in anticipation of this ungoing wordlwide crisis. Bitcoin is just fine. Big wallets don't move and there's tonz of support.
@Biscuitage, yeah, crazy time, crazy ideas man... :-) The so called bubble poppers had a target of 1 to 2k before the end of Q1 2020 while it was testing 10k with some great technicals. Now we are in uncharted territory and things can go even worse, correct. But that's general. For the time being, Bitcoin is here to stay, just like everything else, especially speculative emerging technology markets. Nobody knows that bitcoin or any deriative will succeed. But it's also a long way from failure.
Bitcoin is only a few hundred dollars away from failure. Considering thats not much since it dropped 4 thousand dollars in a single day recently. Once the halving reduces the reward for miners, and the price will need to double to 10K in order for them to turn a profit. Bitcoin may pump one last time to that level but it won't be sustainable. This is the more realistic scenario.
ovac4u
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Interesting how this was also posted when we were at the exact top.
nsafr
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Lol
Mudrex
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Are you suggesting the price will fall to under 1K?
Biscuitage
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@Mudrex, thats the idea, too many people are aiming for 1300$ when in reality it can go much lower