Teddy bears are neither a mirage nor alive, so they can't die. So, great bitcoin analogy actually, but not in the way you meant it.
basilisk467
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The mirage is in the bear, the glint of its eye, what makes us hold it close. It dies when we no longer give a shit.
ElDiablo0604
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Can i ask why are you so bearish when nothing tend to be?
basilisk467
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@ElDiablo0604, The fact that it didn't break 14k in july means we are headed back to 1800.
ElDiablo0604
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@basilisk467, Yeah but as you can see we broke the descending channel from the upside and since that we have been pumping since. making HH and HL without even breaking any previous lows.
i think the lowest we could go is 9650 which correspond to the MA50 and the bottom of the ascending channel. Please let me know you thoughts!
@ElDiablo0604 The Fibonacci fan from the 3k low shows a clear rejection on my chart. I don’t see it breaking into a new run. The halvening will capitulate it will not bring new money in. Increasing scarcity with decreasing demand is beanie babies and Elvis.