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fibinvest
Mar 14, 2018 2:16 PM

Possible 3K Downtrend 

Bitcoin / DollarBitfinex

Description

If we brake the historical support, we could see this kind of downtrend.

Order cancelled

Comments
YasinDemir_BTC
This did not aged well...
fibinvest
@YasinDemir_BTC, Yeap. I forgot about this chart. Thank you for reminding me. I gonna canceled this trade.
TheGush
Agreed, but that log scale support line has been tested over the long term and has held true. I expect it will continue to hold. If it doesn’t, yes, it’ll be serious. I think the doomsday expectations are born out of the fear in the air and aren’t likely to materialize. I could be wrong, though. My call - bounce off of the trendline and head up. Catch everyone off guard.
fibinvest
@TheGush, It didn't hold. I think bear scenario confirmed.
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