SO FAR THE BOUNCE FROM THE BOTTOM LOOKS SIMILAR TO THE 800$ -3000K RUN IN EARLY 2017 !
WHAT IF WE ALREADY MOONING TO 100K ?
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Why we might already be in Mania ? the flash crash in november 2018 created an artificial halving effect ! the crash led to miner shakeout leaving many to mine at loss. As result the hashrate dropped significantly and then adaped quickly..
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Pick your Bubble !
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This indicator (Mayer Multiple) measures the distance of the price from the daily 200 MA .. Historically once price broke 2.4 threshold it ve gone vertical. Also note the lowers bubble highs since 2011
And we are still almost a full year before the Halving. Imagine the effect.
tearliner
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not gonna “moon@“ it is time to take some profit delusional retails are so bullish
IgorPorokh
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@elshanti Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
DACapitalTrading
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Good Trade, keep it up and leave us a like aswell mate :)
SebastianofMoon
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That scenario would be so nice, maybe even too nice. But then again, BTC is consistently more bullish than our most bullish expectations, so I don't see any reason why this scenario should not be possible.
elshanti
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@FlaviusTodorius67, yes ! while everyone waiting for the halving to kick the mania phase !
SebastianofMoon
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@elshanti, Yes, exactly. Because now everyone is already expecting the halving, and much more people know about this event than back in 2015, everything is speeding up much more, than during the last cycle. The question is then: Will we have a second rally after then halving effect really kicks in mid 2020?
That's what I'm thinking quite often now. We could have a first rally to 100k, and a second one after the halving really kicks in. This would be really insane.