BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
The parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top.

Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves.
The final phase is a usually the most violent in its upside before a strong correction which breaks several of the previous levels of support.

I think its fair to say Bitcoin             is within such a move and most likely coming to the end.

Im calling top at a maxout of this move being $20k but could end sooner.
A collapse could see bitcoin             return to somewhere between $2 and $3k- i would lean towards $3k

Im certainly not bearish quite yet, but we saw some serious volatility at $10k - imagine what it will be like at $20k.
A lot of people will have made a lot of money and profits will be taken:

Just to put this in to perspective, lets say you bought 100 BTC             at the start of the year for $100k. By $20k/BTC this will be $2m in holdings. This is enough for any average man to retire upon. Watch how quickly the libertarian hodl attitude melts away when they are literally kissing goodbye to their lottery ticket. The panic will be significant and is probably underestimated due to the euphoric feeling we all have today.

My advice would be not to short this beast. There is plenty of potential to nearly double in price. Take some profits on the way up.. You can’t go bust by doing that.

Hope you found this useful.
All the best.
FILBFILB
Bình luận: i didnt mean for doomsday to be Dec 25th ;D
Bình luận: Here is another idea i posted recently which concurs with the celing on this chart.

I am not saying this is the asoloute top, but i will be very cautious above these levels.

Bình luận: Dumpage has commenced
Bình luận: If we break down:

snapshot
Bình luận: Opposing argument is that this also happened after the epic 5-3k dump.
You need to be on your toes to take action whether youre long or short!

snapshot
highly agree !!
https://www.tradingview.com/chart/BCHAIN/MKPRU/l88hgoWA-BTC-We-Are-Just-Getting-Started/
+1 Phản hồi
sad to say, you were right, lots of ppl get rekt today.
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filbfilb PRO MiloszKaszynski
@MiloszKaszynski, its not good for anyone unfortunately. Glad i sold all my long term holdings though.. focus will be on where to pmp it all back in.
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mvb1 filbfilb
@filbfilb, thought you were a parabolic guy. do you think we go to 22k+?
Phản hồi
the parabolic trend is still intact right ?
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filbfilb PRO rockstaring
@rockstaring, i wouldnt say so tbh
+1 Phản hồi
If it crashes to 3k, we can say goodbye to crypto. It is not 2013-14 anymore. Massive global interest has started. It can go down to 10k, 8k but returning to the 3k area would mean absolute disappointment in crypto.
Well, maybe that's the goal.
We will see. It is still early for this new technology. Anything can happen.
Phản hồi
@Hunor, it will certainly impact short term credibility, but there is no debate that here has been completely irrational manis in the market. If I had said to you that it would hit 20k this year when it was <1k last year end, you would have questioned my sanity. Crypto is not going anywhere.. there are more people who know more now and the ecosystem will bounce back, hopefully with better more improved tech. 3k is obviously a low ball target but it’s still totally possible in my opinion all be it at the lower end of probability.
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Mania*
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Your prediction is happening now... I'm afraid of that...
+1 Phản hồi
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