rexlomax
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Bitcoin doing the bubble pattern?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Many experts said that bitcoin was doing a bubble, if such thing is true then this is how it will play out...

This show we can go up to 3k and 4k

Just sharing my insight, be safe.
Comment: Yes i did bought on the green dot for quick gains, if it keeps bouncing stronger i will remain long until bear signs...
Comment: We are approaching panic level
Comment: We got into panic mode and got rejected... We could still be in denial area, lets be objective!
Comment: We bounce on panic trendline and now we could be headed to test back anxiety with denial sentiment. So if we break up above anxiety level this chart could be invalidated.
Comment: Above 12k and market will have recovered completely leaving the anxiety behind, beware it could be a bulltrap
Comment: Bubble pattern still alive
I think its the crypto typical pattern from alts seen on BTC, some 80% retrace is common. I think we have a january - february in BTC some weak period, now after this huge bullrun some timeout. Everything above ~4k would be healthy. Below would cause some bearish trend for a year or longer. If you would have bought at 4k, wouldnt you be selling now? So others sell cause they are green so much.
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