jshunia
Short

BTC Bearish Geometry

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Here is a very bearish ABCDE triangle scenario for BTCUSD             . This would be a near perfect replay of the 2013 crash. Will history repeat itself? I believe so.

I'm targeting around $1300 USD for the bottom, but I believe it could dip as low as $400 USD for a very brief period of time. Price should stabilize at around the $2000 USD level after breaking out of the triangle.

Disclaimer: This is not financial advice and I am not a financial advisor. This is merely my opinion and is intended for educational purposes only. All investments have risk and you could lose everything, so never invest more than you can afford to lose. Always do your own research before making investment decisions.
Comment: BTC has just broken out of the triangle! However, this may be a bull trap, so I will need to see some price action before I adjust my call.
Comment: My prediction stands. The jaws of death are opening:

BTC will have 1 last nibble at 12k, and then drop to the floor. Good luck.
Time frame on this doomsday prediction?
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jshunia Bullion_Money
@Bullion_Money, Originally I was projecting 2-3 months, however, BTC has just broken out of the triangle I drew, so I may change my call. I will need to see some additional confirmation before I do that though, as I believe this could be a bull trap.
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@jshunia, if BTS is prediction of $2-$4 at apx nov 2018 its not possible for btc $400-$1500 in 2-3 mo. All of crypto will crash to lower hell if btc goes that low.
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