2018 vs. 2014 bear market
There are many similarities between the 2014 bear market and 2018.
Everyone says, "this time it's different" - but BTC is like any other bubble pop and market with exception of its inherent higher volatility and scare resource traits. I think fundamentally it's got incredible strength, but we have all learned that it doesn't follow fundamentals as much in mid term as it does manipulation and the money masters:
I'm still neutral where this market is going and I see three outcomes right now:
1) we correct further in days ahead and form a HnS (head and shoulders) and correct back down to around 6k to form a triple bottom and accumulate and then onwards up. Awesome - accumulate below $6600.
2) we correct like 2014 and see BTC retrace rest of year down towards 3k (bottom of value channel).
3) we bounce tomorrow on descending log trendline down, consolidate and then off to new highs and see BTC retrace above
12K to signal real bull market recovery.
No idea which will play out but I sorta hope #2 does so everyone can buy more BTC cheaper before we climb to 200k-400k by 2021~2022 and the next parabolic bubble popping
Scale out, rinse, repeat in 2025 when it reaches above $1 million
Sounds crazy, but trump got into office so I see no reason crypto market can't go mooning in 7 years. ;)
Everyone says, "this time it's different" - but BTC is like any other bubble pop and market with exception of its inherent higher volatility and scare resource traits. I think fundamentally it's got incredible strength, but we have all learned that it doesn't follow fundamentals as much in mid term as it does manipulation and the money masters:
I'm still neutral where this market is going and I see three outcomes right now:
1) we correct further in days ahead and form a HnS (head and shoulders) and correct back down to around 6k to form a triple bottom and accumulate and then onwards up. Awesome - accumulate below $6600.
2) we correct like 2014 and see BTC retrace rest of year down towards 3k (bottom of value channel).
3) we bounce tomorrow on descending log trendline down, consolidate and then off to new highs and see BTC retrace above
12K to signal real bull market recovery. No idea which will play out but I sorta hope #2 does so everyone can buy more BTC cheaper before we climb to 200k-400k by 2021~2022 and the next parabolic bubble popping
Scale out, rinse, repeat in 2025 when it reaches above $1 million
Sounds crazy, but trump got into office so I see no reason crypto market can't go mooning in 7 years. ;)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.