TheKujiras

Crypto vs DotCom Bubbles

Long
TheKujiras Updated   
BITFINEX:BTCUSD   Bitcoin
A comparison of market cycles.
Comment:
Waiting for the price to hit near $6,000 and then rebound. In the dotcom burst we had a backtest and accumulation before the next run. I'm expecting the $6k rounded target before hitting $55-60k (next runup) but prepare for a slight pullback from $20k to $16k before the big run.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.