BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are aproaching the limit for bitcoin's distribution.
We have clearly reached the point in which it will crash (If you dont consider a fall from 20k to 6k a crash).
Once it breaches the 5,5k line the next suport will be around 2,8k but such suport wont have enough strenght to hold it.
So what i am saying right now is that if bitcoin goes below 5k, its gonna get to 3 or 2 digits pretty quickly.
That doesnt mean the blockchain trend is gonna end, but instead, its gonna reprice itself in a more suitable baseline.
It happened as i predicted and has already reached the first support. Let's see when the fall is gonna stop.
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buquera eduardokaykedasilva
@eduardokaykedasilva, bad reading
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@buquera,
Yes I agree. At that time I used the wrong chart.
+1 Reply
"its gonna reprice itself in a more suitable baseline", wishful thinking. Its like replacing gold with silver, I mean its just a metal right?
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