TeaPanda

Wild idea for $BTC bubble burst

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Following the "standard bubble pattern chart" atm we are almost at capitulation once this bull trap is gone, after that we might see a fall into 3.5k-4.5k which would be a despair phase and after that a return to the mean which would be around 5.5k-6k
Currently Longs are 3.7x the amount of short which would indicate we might see a capitulation soon
Highly risky
Comment: Longs/Shorts went down to almost 2x which might invalidate this trading idea, for now let's see
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