If we look back through history, we can see that BTC made a high in April of 2013. That high was then surpassed into November of 2013, then price fell back down, eventually testing the April 2013 high as support (pink trendline ) for an extended period of time, into October of 2015. Since then, BTC has made new all time highs, but it has never returned to test the November 2013 high (blue trendline ) for support, the way it did for the April 2013 high. So, I think there is a technical likelihood, that we could be in the process of doing that at this very moment. In other words, BTC could be headed to test the $1163 level for support, and that may be where we finally find a floor in this bear market, should the November '13 high hold support the way the April '13 high did. That means that we could witness another 70% decline, before the crypto market finds a floor.
The Bottom is $1163
Too long; didn't read.
ok
have fun missing out on the recovery
OP is a faggot confirmed. Why doesn't you trend work for when btc was at 9 dollars or 30 dollars or 259 dollars? b/c in none of those examples bitcoin went to 20k history does not repeat itself like the way you say it does. also your trend line is bullshit, you need more data points to be a best fit line.
happening
I follow this guy too he is pretty decent
>believing anything the eternally wrong retard with the retarded name "MagicPoopCannon" has to say
>fluffy pony
Your mistake was thinking that matters in the crypto world
>person that created mimble wimble literally used a Harry Potter pseudoname
fuck off boomer.
>thinking that matters in the crypto world
>my le new and edgy crypto reddit world
>we did it reddit xddd
>new paradigm!
Your mistake was thinking that seriousness does not matter in the "crypto world". The world doesn't change. If crypto wasn't such a big joke to not be taken seriously we probably wouldn't be at -85%.
This. That faggot is always wrong.
bottom is $100, bruh
Yikes, ever heard of the dunning-kruger effect?
Approx 61.80% retrace from swing high.
3 year long bullmarket.
Normies who joined late 2017 bought at the peak, they all fell for the ''news''
Safe to say that majority of the ICO coins will be bleeding below initial ico price.
I will bet anyone here $1000 that Ethereum will break below $50.
The real bear market just started.
comfy... I'm calling the absolute bottom will take place in 2019 (consolidation period)
>dunning-kruger effect
Another cringy term wannabe smartasses like to throw around (you sure you're not from reddit?)
Your "pop psychology" phenomenon is a joke.
My point still stands. Look at how everyone in crypto is now desperate to make business with the traditional world. We went from "fuck the banks" to "pls SEC pls gib ETF".
If anyone fell victim to the "dunning-kruger effect" then it was you and everyone who thought that crypto could be independent from banks and institutions.
>november 2015 - december 2017 are 3 years
bear euphoria.
could be 2019-2020.
I don't fall for the halving meme.
Crypto must be despised, hated, and shunned before we see a bottom.
That means dumb retail money majority of the people in this space selling their stacks at whole sale prices to professional money, horowitz, metastable, digital currency group etc.
99% of the people in this space are deillusional bagholders who don't seem to get that the entire crypto market is rigged in favour of smart money.
Early 2018
>The bottom is $12k because muh memelines
Mid 2018
>The bottom is $6k because muh memelines
Late 2018
>The bottom is $4k because muh memelines
Prediction:
Early 2019
>The bottom is $2k because muh memelines
The difference between you and I, I’m not trying to coin a reason for any of this.. saying crypto is down 85%- cause of: X, is where you become a classic example of a dunning Kruger brainlet. I agreed with everything you said otherwise, and not trying to insult you (not from reddit either)
The difference between you and I is that I'm not retarted lmao.
Sent from my phone.
>retarted
You sure bud? Everything you said in this thread reeks of stupidity, having problems at home?
Sent from my phone.
Not as much problems as your mom is having getting her dick out of my ass, lolol.