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supremetrejdr
Jan 20, 2019 7:03 AM

A massive sell off coming up, 50 % drop Short

Bitcoin / U.S. dollarBitstamp

Description

Blue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will take us to 1900 support. I also used a triangle (pink lines) to make it more visible where we are at right now. My gut is telling me that a massive sell off will happen at the start of next week. I've been sitting in Tether since 4100 so let's see how this plays out.
Comments
erelerel
didnt came.
supremetrejdr
@erelerel, True. But I'm still waiting for it. I don't care if I get rekt.
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