snookerer

Bitcoin may crash down as low as $1800

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Comparing our current bear market with our previous bear market I think we may crash lower than most people are expecting. If you draw a fib circle and a trend line from the peak down to where we started to push up before our parabolic run up. You will notice in both 2014 and our current bear market the similarities are uncanny! If this plays out the same we are looking at a possible crash down to $1800 and lower.

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Comments

If it's going to drop that far, it might as well drop to 1200ish to test the previous ATH.
+6 Reply
Excellent Chart from opticalartcryptodotcom, Thank you Steve, Snookerer, Lord of the Rings!
+6 Reply
yea yea bitcoin is dead and going to zero exactly
+5 Reply
astromaniak kripto_corumlu
@kripto_corumlu, BTC is not Bitcoin. Segwit coin is dead. Now Time for real Bitcoin from White Paper = BSV
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I shared the same idea in June! See here, my bottom is also around $1800-$2600:
+5 Reply
OMG.... Love this kind of non-sense bearish post. Make me feel even more bullish for the 2020. Meaningless fractal play and circles...... BTW, you have fewer circles this time, I respect for that!
+5 Reply
CoinAnt Dan_Wang
@Dan_Wang, The majority are still bullish...
+1 Reply
kramegruts Dan_Wang
@Dan_Wang, Started sweating yet?
+1 Reply
Dan_Wang kramegruts
@kramegruts, why sweating? I have a plan and I don't have any position in hands now.
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kramegruts Dan_Wang
@Dan_Wang, Meaningless fractals? Right. Bullish 2020? Mmmm hmmm.
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