Short term Bearish, Long term Bullish scenario on BTC based on a long term term cup and handle pattern. Never let your emotions guide you! We must at least consider the possibility of whether another crypto will challenge bitcoin for king in the time being as they works on fixing their network in efforts to lower transaction time as well as fees.
I am not a financial adviser, do not take this as financial advice!
hi nice chart, this is exactly my plan for bitcoin if we are in buble, but if we aren't then this is just conso and big crash in is in coming.
DeanUtz35
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@majic92, funny, it happened moments after your post. I share similar sentiment.
DeanUtz35
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I thought I was the only one in the cryptosphere with a similar sentiment. Too many bulls and we know what happens to the crowd. With the emerging markets' crises, dollar strength, massive wash trading, over-pumped manipulated numbers on exchanges, and excessive retail crypto investor inexperience, I see a short term dump coming too. Thank you for your intuition!
Chryptofer
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@DeanUtz35, Absolutely! We must consider all scenarios to gain more perspective
Chryptofer
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so far so good....
kekekoolen
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I cant say I had exactly the same idea because i dont see why we have to go to zero (or minus 600 lol) for a cup and handle to occure But a cup and handle I might see happening...
Darkside999
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Well I can tell why you are not a financial adviser lol
Chryptofer
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@wildbeast, Amateur with a passion about blockchain and charting. Market cycles are important to realize as well as trading on emotion. This is surely a scenario, good to consider different perspectives. Happy Trading!