Traders calling for bullishness are in a denial of a bubble bursting, as it happened in every market, every time.
It is difficult to realise you are in the midst of a crashing market for a lot of persons, especially when their money is invested in it.
We will probably go below 3k, and maybe below 2k.
This pattern is close the the Nasdac Composite pattern structure of the 2000's, it should reproduce a close pattern as human psychology mass reaction have not changed since 20 years lol
Good TA
wxman99
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Pretty good call from March 22, 2018 !!!
elenchus1337
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if we were in a bull run it would be instant. BTC would be smashing through its price. I agree, we aren't ready for a bull run. Market "feels" confused" I don't have the vibe of "big" players coming into the game yet. The market will fall in my eyes as well.
elenchus1337
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This guy is good. He predicted almost every coins drop. I trust him on this one.
Zeno3399
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thanks I will use this chart to purchase alts at cheaper prices.
iera
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I totally agree but the retrace to the 0.888 happened all around the board, like almost every altcoin made it. Maybe that's enough?
GazMema
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The crash is over. From 20k to 5.8k, that is 71% decrease and a total collapse. You can't get lower then that, unless the governments make BTC illegal to own
Damir10
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@GazMema, what Theory or who says we can´t get lower than that? It´s not a collapse, it´s a normal Market Cycle. Some good Altcoins are already more than 85% down. But everything is possible in Crypto - let´s see whats happen. It looks good for the total Market Capitalisation, it will bottomed out soon.
severt
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@GazMema, can't get lower then that? Based on what?
GazMema
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@severt, Cost of Goods Sold. It costs 5k electricity to produce 1 BTC + Amortization and other expenses
It is difficult to realise you are in the midst of a crashing market for a lot of persons, especially when their money is invested in it.
We will probably go below 3k, and maybe below 2k.
This pattern is close the the Nasdac Composite pattern structure of the 2000's, it should reproduce a close pattern as human psychology mass reaction have not changed since 20 years lol
Good TA