Damn when is it gonne stop?
Dropping fast now...
Someone with charts how things looking for now
MasterLuc does not think it looks good...
Why is Bitcoin there? At bitcoin, everything is bad in the mid-term. In the week-long picture, you can see yourself - in the negative zone of the BB, the falling ma20 and everything like that presses from above. Where do we fall? On my previous charts, there is a historical logarithmic support line in the 3-4k area, depending on how to navigate. In the area of 2000, we are met by a week-long ma200. I consider the support of this curve to be absolute at this stage. It just can not be pierced.
Bear the wind blows to us from Wall Street. There are very clever guys with big swaps, they are shaking the same button in all markets, including bitcoin. This is an exhaustive explanation of what is happening.
Once again I say bulls sleep at least until the 19 th year.
Damn if we go to 3k-4K thats realy bad for BTC, from 20k to 3k is not good.
I hope your wrong... if your not then iT Will be a hard time for BTC owners including my self.
On the contrary, I think 3k would be good for BTC. The parabolic move up from 2.5k only took 4 months, too fast, and too overbought.
The price has to get oversold before a strong low is established. Nothing to worry about in the long term.
I present a very different outlook to most ppl. , and have always gravitated to the contrarian point of view.
The very biggest scale picture : I count 4 large price waves of adoption since 2011. The chart points are classic formations, like a single huge bull move. The previous high supports the next-but-one low (in fact there is always a significant gap : that is an indicator of the strength of the big move).
The series is (approx).
Highs : $32, $200, $1200, $19000.
Lows : $50, $270, ( ) $2000 fits quite well here. It would still leave the series intact.
If this is correct, I would not expect the price to spend much time below $3000, blink and you might miss it. It could take a year to get there.
These levels also fit well with the Dimon Dip in September 2017, to $2500, which is where the real parabola started.