Since August 2015, we have only risen for about 3 years (851 days). In other words, if you had bought on that day, you would have 9400% profits with Bitcoin at $20,000. Do you seriously think that after only 5 months we will fly back to the moon without a major correction? People insulted me when I say Bitcoin is dropping to $2,000. That's not a problem for me, but do not be surprised if you lose all your money. I made this prediction in February and you don't even know how much I was hated. Do you know what the result is so far? We have not really broken this area up to now.
Here is the chart:
I do not want to show now that I'm offended or something. No, I want to show you that you should not change your mind because of others. If 99% of people see your prediction as wrong, then you're exactly right. You know the result for now and that's just the beginning. At the moment, we can't know when Bitcoin will stop. But we can know, that Bitcoin will drop until others become bearish. Also what we know is that Bitcoin will not go up after just 5 months of correction. The correction will take longer than most think.
For now, this is my prognosis I have:
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I do not want to attack anyone with this post. If you feel attacked, take it easy. I respect everyone's opinion, but still say what I see. I could also draw an arrow from here to the moon to get likes, because I know that everyone wants to see exactly that. But I want to stay realistic. Maybe I am wrong with my prognosis, nobody can know that.
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Here you can find my next short term trade. Some had already seen the post because I published it accidentally. However, I do not know how it worked, because you can publish ideas under a time frame of 15 minutes only privately. Anyway, it would interest me if you want to see these posts at all? Since there are still many beginners here, I can imagine that maybe you can learn something from it, even if I do not present my whole strategy. Also, there are some here in Tradingview where I would very much like to see their trades, as I often wonder how anyone could get so many followers. So you can see that you do not follow anyone who has no idea and just screams $2,000, because that's exactly what I would have thought if I did not have much idea about TA :D. So, tell me please :-).
By the way: Very likely that Bitcoin is going to break $7,200.
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Here the right link sorry:
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Wasn't that good example to make advertising for me :). After 2 right trades, which I showed you, I have now one wrong. We just broke the trendline on the bigger picture and will make a bigger correction therefore. So we could retest $7,800 before heading down, sorry for that:
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Everyone is still bullish or does not know what's going to happen. For many it isn't possible that it can also go down. People prefer to draw 5 waves up so that their own losses are out and you are in profit. Until that does not stop I will never come to the thought of changing my bearish mind.
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Expecting Bitcoin to drop around $7,200 over night. There we should find a small bounce before it goes lower. Later I will post a chart.
Also I want to show you another possible scenario like this one how Bitcoin could look like to fool people. If people get bearish I will stick to the new scenario. But my personal target of $2,000 wouldn't change.
he literally drew half of this chart in crayon and saying we wont see 10k until september, what a joke.
E557
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@sputnikent, actually I am expecting Bitcoin to break $10,000, but this time it will be a huge trap.
karlkrawall
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"I made this prediction in February and you don't even know how much I was hated." I remember that. It's good that you kept your perspective. People may slowly realize that it's not '"different this time".