Btc_Guru

H&S Bull trap near ATH ? BTC greed is close to an all time high

Short
GEMINI:BTCUSD   Bitcoin / U.S. Dollar
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BTC looks to be forming a head and shoulder formation again similar to 2016. I also see people posting on twitter about taking out 50K loans to buy btc near the ATH .
Will we see a repeat of 2016? Only time will tell but I think its high risk to be going long right now.

Comments

Thank you

Peter McCormack 👑 (@PeterMcCormack) tweeted at 1:25 PM on Fri, Dec 11, 2020:
I took out a $46,250 loan today at 7.9% and bought 2.55 #bitcoin. By 2026 I will have to pay back $57,806.85.

In Dec 2026, If #bitcoin is at $22,669.35 I break even.

Good/bad decision?
(https://twitter.com/PeterMcCormack/status/1337463603134337024?s=03)

Get the official Twitter app at https://twitter.com/download?s=13
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Interesting analysis.
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