Worst case for BTC? Weekly Chart

19 ก.ย. 2018

I'm hoping by posting this chart BTC makes a fool out of me and pumps hard...because I got bags.

Anyway this is just something I put together looking at previous bitcoin dips, from 2014 to now, if we were to follow a similar pattern.

We *COULD* be in for a really really long downward trend, until we finally slowly reverse, of course the magic pump does not happen until we have broken 20k, which may take as long as June 2021.

So there's hope for bag holders but you'll have to seriously test your patience, if this happens, we are in for a long long ride.

There is good news though, if for some crazy mad chance Bitcoin does following this exact pattern, by March 2022 we will be at $215,000 for 10326% gains. I guesstimate a 0.01% chance of this happening though.

Please note in your calendar to come back and check this chart on March 2022 :)

*Note I'm not a financial advisor, I'm bad at crypto, I've got bags of shtcoins*

20 ก.ย. 2018

บันทึก

Yesterday people went crazy, Bitcoin dumped to nearly 6100 and in the same hour pumped to 6500. You couldn't read TV chat it was scrolling so fast, exchanges were lagging, but if you look at the daily chart just a day later it looks like nothing



The daily candle a few weeks before dropped $700 in a day



And a few months before that we saw a $1000 pump



did anyone see these coming, did they feck! and if they did it was a lucky guess.

The truth is nobody knows what's going to happen next, every country could make bitcoin illegal and watch it dump. Countries, Banks or Big Businesses could adopt cryptocurrencies as their main source of currency and we could PUMP to new ATH's in days. Satoshi could come out of hiding a sell his/her bitcoin... who knows, you don't, I certainly don't... Good Luck

24 ก.ย. 2018

บันทึก

15 พ.ย. 2018

บันทึก

2 Month's later and BTC seems to be heading the direction of the chart above. SHAME SHAME SHAME

20 พ.ย. 2018

บันทึก

Well I nailed that 32% drop over the past month, although it doesn't make me happy as a BAG holder.

Looks like the retrace is happening now too, hopefully I'm wrong about the next dip!

26 พ.ย. 2018

บันทึก

Daily BTC pattern, tiny pull back.. DOMP IT