A massive sell off coming up, 50 % drop

20 ม.ค. 2019

Blue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will take us to 1900 support. I also used a triangle (pink lines) to make it more visible where we are at right now. My gut is telling me that a massive sell off will happen at the start of next week. I've been sitting in Tether since 4100 so let's see how this plays out.