We may have already passed double top on much more compressed scale back in December. If so, and this is a crash, we're in final stages of it. 2013 crash looked somewhat similar to the current one. In this case, we're going to see prolonged bear market.
Oh, and if it goes all the way down to -$84.33, I am taking the entire market plus whatever everyone is willing to pay, so I can take their coins LOL.
So, you are saying it will hit subpar 400 to 500 before the crash ?
UnknownUnicorn1020621
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@shermyeung, yes, this is based on market sentiment. We know there are short sellers who are looking to cover at the lowest price possible and buy it back at the same level, and these people play with millions. when the shorts cover and go long, the stock gains in a flash. This attracts common people and the stock is sent to a final run-up. at the final touch up, the institutional investors sell for good to convert their alts into fiat, and leave the market. The market can't sustain the price level if there is no big money involved, so the people will start to sell. Each sell drags the price lower and lower... Hence, crash! This is just a theory...
UnknownUnicorn1020621
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@shermyeung, Basically people are going to get robbed and the institution are going to be rich, thats the bottom line right here.
Oh, and if it goes all the way down to -$84.33, I am taking the entire market plus whatever everyone is willing to pay, so I can take their coins LOL.