donaitelo

Bitcoin - This might be the end of the bullrun

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone, bitcoin and all of the crypto went wild through December and the same thing happened in 2017. The price is again really unstable, the slope of that rise is so steep that we need a recovery, which would bring Bitcoin and all the other coins down. If we break above for a new hight, the idea is invalid, but as of now, we are most likely going to see a sharp sell-off.

Comments

14k! Are you kidding? What are you basing this off? We have huge support at 20k, 22k, 25k, and good support at 28k. MicroStrategies average price of their btc was 19k, no way it goes below what an investment firm has it at when you have about 7-10 institutions and billionaires buying hundreds of millions of btc
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donaitelo Mattysalads
@Mattysalads, This is based on the pattern that I am showing and also the huge 2017 drop. I have all the rights to believe it could fall big time right now. Bitcoin has huge ups and downs ever since it was created, it has fallen 50% + many many times before.
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Hello , if that is a bearish bitterly pattern , shouldn’t the distance between X and D not exceed 1.618 ? Yours looks to be 1.926
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donaitelo zzz_crypto_magic34
@zzz_crypto_magic34 As you can see, bitcoin's rise isn't healthy at all, it rose sooo steep, because of all the fuzz about bitcoin, it could be possible that it still is a bearish gartley.
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