Though everything is possible there are some points I would like to share with you guys. Some say BTC can crash back to $6K!!! $15K!! $17K!
But, what for exactly one can say they are far from possibilities?
1. Fundamentals:
1.1. What about "BTC Mining Costs"?!
2.1. What about Market Cycles & Phases of :
2.1.1. Accumulation;
2.1.2. Distribution; (we are right there)
2.1.3. Reaccumulation/Redistribution;
2.1.4. MARKET UP;
2.1.5. MARKET DOWN;
- Have you checked BTC Cycles from the beginning till now?
1.3. Fiat is being generated like garbage: specifically USD even if we ignore others. We need to know that almost $6-9 T is coming only in 2021. Even if there is another manipulated crash.
Following is my idea for coming seasons (4-5 quarters to come) based No. 2.1. mentioned above:
Important Questions:
- What about altcoins then? EOS, DASH, Cardano, BCH, ETH?
- Their value is a fraction of BTC. Right?
- Then, holders of ETH are going to sell it the same price it was 3 years ago?
2. Technicals:
- Check Weekly Price Chart & RSI (14): we must be looking for next Weekly Peak on Price & RSI. When it happens and we could see Negative Divergence between the two, then yes plummeting would not be far away. Yet, I strongly believe that BTC crash is not going to happen any time soon.
At the moment smart money is waiting for Reasonable & Interesting Price Correction to happen. (Manipulation is an Exception)
Not a financial advice. Ideas do Worth Spreading.
Sincerely Morteza
But, what for exactly one can say they are far from possibilities?
1. Fundamentals:
1.1. What about "BTC Mining Costs"?!
2.1. What about Market Cycles & Phases of :
2.1.1. Accumulation;
2.1.2. Distribution; (we are right there)
2.1.3. Reaccumulation/Redistribution;
2.1.4. MARKET UP;
2.1.5. MARKET DOWN;
- Have you checked BTC Cycles from the beginning till now?
1.3. Fiat is being generated like garbage: specifically USD even if we ignore others. We need to know that almost $6-9 T is coming only in 2021. Even if there is another manipulated crash.
Following is my idea for coming seasons (4-5 quarters to come) based No. 2.1. mentioned above:
Important Questions:
- What about altcoins then? EOS, DASH, Cardano, BCH, ETH?
- Their value is a fraction of BTC. Right?
- Then, holders of ETH are going to sell it the same price it was 3 years ago?
2. Technicals:
- Check Weekly Price Chart & RSI (14): we must be looking for next Weekly Peak on Price & RSI. When it happens and we could see Negative Divergence between the two, then yes plummeting would not be far away. Yet, I strongly believe that BTC crash is not going to happen any time soon.
At the moment smart money is waiting for Reasonable & Interesting Price Correction to happen. (Manipulation is an Exception)
Not a financial advice. Ideas do Worth Spreading.
Sincerely Morteza