We all believe in cryptocurrencies and the technologies behind. But only a blind couldn't see that's it is a speculative bubble. The scheme is typical, very clear and acurate. Although we knew several strong corrections in the past, this one could be different. Indeed, the past corrections were BEFORE mass public investment. It means that the market could be governed by fear. Those we call weak hands maybe have the power to change things at their expense. Of course there is also whales, which manipulate the market and finally take their benefits.
It's also interesting to compare this bubble against others. I.e the URANIUM BUBBLE of 2007. Institutionial futures contracts are often the final point of a bubble. Daily charts and weekly charts indicators are pointing down. Which possibility are you going to chose? -Buy more BTC and hope that it's just a "normal correction"? -Hodl and your patience will probably pay? -Sell and re-buy cheaper? It's up to you.
Don't hesitate to comment your opinion, it would interest me A LOT!
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During the past krach, Bitcoin lost between -70% and 93%, it give an idea.
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Bitcoin is in a Bullish triangle mouvement. Two possiblities which could occur this night or tomorrow. 1st : Bitcoin succeeds to break the resistance. If we go uper than 16k-16.5k, an uptrend movement should be confirmed. 2st : Bitcoin break the support resistance. If this happen, the correction could be stronger and it would be the same scenario than the krach in 2015. I let you take a look at the chart. A correction between 70%-90% would be highly expected.
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It seems that BTC broke the resistance on 1h time chart. It could be a good opportunity to buy. But be carefull, market still not stabilized as well.
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I would recommend you to have a confirmation. 15k would be a good level to buy in.
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Is BTC exploding right now? It Tests support after support. Last strong support is 11K and maybe psychological 10K, if 10K broken, could go very low.
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BTC looking very bullish. It's too early to say that the trend reversed. In fact, BTC could be in the BULL trap phase. It's time to be very careful.
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DEAD CAT BOUNCE or consolidation? Fixed soon.
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Đã hủy lệnh
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Important support broken, very bad news. Now facing support at 11.2K, which was the lower low during last big drop. If broken could go lower.
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Hello guys, As predicted, bubble is imploding. Funny to see,how the haters are closing their mouth, anyway. I'm come back to show you an other idea about the future probable move of BTC. In my opinion Bitcoin is going to accumulate during several weeks between 2k and 6k, hard to estimate preciseley where. Then we could expect a breakout from the base formed by the accumulaion. Here is the idea!
Get outta here with that DOOM BS LMAO This is only if Crypto was DEAD and over with and its only getting started. LMAO!
BrieucdeLooz-Corswarem
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@CryptoFortune, Internet Bubble exploded but Internet still exist, and that was only the beginning. It's not like it will not recover after! I just mean that the growth is too fast. Of course cryptos are not dead! But I'm not sure that bitcoin will continue to dominate like today!
ggg666
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@BrieucdeLooz-Corswarem, .com bubble exploded at 5 trillion usd market cap in 1999-2000 from only US money. Not it's 2018 worldwide and just 500 billion market cap
Make calculations before calling the entire crypto market a bubble
@CryptoFortune, It has happened with every parabolic/exponential crypto run, and at none of those times was it dead and over-with. Pretty much every exponential rise or fall, even at the small time-scales see near 90% pull-backs to the mean. Those small time-frame runs happen thousands of times per day in the crypto world.
@thomasfar6, BTC now exactly repeats the dotcom schedule.
Panovak2
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@murashkobogdan, if thats then case then we have plenty of juice left for an epic bull run. Not sure if overall Max market cap of crypto is even 1/10th of where it will be when the bubble actually bursts.
BrieucdeLooz-Corswarem
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@Panovak2, I agree with you! But, see dotcom bubble. The new technology that it was in the past hadn't reached 1/10 of its customers today...