Big second "C" leg of BTC crash looks like it is setting up to come soon. The Elliot wave cycle shows us having completed the 5 waves up into the 60K high and then completing the first drop of 50%. Now are we get deeper into the retracement levels of the first fall we have to become more and more aware of the probability of this becoming a bull trap.
If BTC really hits 12K...I'm selling my car to long BTC and would 10x leverage it. Plain and simple.
holeyprofit
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@yinyangmafia00011, it can drop 90%. That's within it's historic volatility. Under 10K.
blueboy356886
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Bulls are dreaming, wait another 4 years.
holeyprofit
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We're either about to see the best forecast low in BTC history by the bulls, or we're about to see a brutal bull trap into capitulation. Bulls are really arrogant of late, and I think there may be some surprises for them.
Guapeva
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@holeyprofit, not arrogant, they are afraid indeed