I wonder if the last two blow off tops point to the next one by drawing a simple straight line connecting the peaks. I have seen fib circles point to the same conclusion of somewhere in the 200k range, and the similarities to the last cycle is pretty incredible. We have Elon on board which bring positive sediment, now wheres the FUD? Mt Gox? Scaling? Security issues? Regulation? US gov play? Big players out? Its coming.
A correction is coming and it will have a name. Around this time last cycle BIP and scaling drama, IPO scams, Dimon talking shit. The goal here is to hodl through the coming storm and ride this all the way to the top where I sell a portion of old hodlings for cat food.
A correction is coming and it will have a name. Around this time last cycle BIP and scaling drama, IPO scams, Dimon talking shit. The goal here is to hodl through the coming storm and ride this all the way to the top where I sell a portion of old hodlings for cat food.
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We have big players out, just as quickly as Tesla started accepting bitcoin Elon now announced they have stopped accepting it due to environmental concerns of the mining process LOL.
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How did I forget China? China FUD and when will Mt. Gox reenter the news? This is our correction now, it can last awhile. Remember that BTC has exploded in price over a very short time in 2017, in 11 weeks it went from $4400 to 20k, the majority of that move happened in 6 weeks across November and December.
Thats how fast it can happen, be ready, the run to the top is not over.
Thats how fast it can happen, be ready, the run to the top is not over.
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This correction looks extremely similar to the correction at the end of 2018 into early 2019 before it reversed up from 3.2k to almost 14k.
