**WARNING** Bitcoin could drop to 15k if history repeats itself
Updated
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So as you can see on this weekly log chart of BTC since inception, BTC has hit the top of the lime green trendline on the LMACD. Each time it has done this it has dropped over 75%.
The purple down arrows on the chart and LMACD show how this has played out before. Once BTC hits the lime green trendline on the LMACD it drops to the yellow trendline on the LMACD. The only time it didn't do this was where the yellow down arrow is on the chart and LMACD.
The yellow down arrow on the chart and LMACD show where BTC didn't retrace fully into a bear market but still dropped over 70%.
On the RSI you can see when the RSI hits the light blue horizontal line it retraces to the red horizontal line every time.
The orange down arrows on the chart and LMACD show where we are currently. Will it be a yellow or purple arrow this time based on the above parameters?
Will this bull run be something totally different we haven't seen before and break all the parameters above and go on a different course?
Will BTC follow the yellow down arrow scenario with a retracement followed by another pump to BTC's new ATH?
On the monthly log chart below you can see the RSI is about to max out and is already in overbought zone. Volume is nothing BTC has seen before though as you can see. There is also not one red candle on the monthly since 10k. As you may be aware nothing keeps going up forever....
So, will we see a drop in price based on history repeating itself or is BTC about to break history and do something entirely different?
Let us know what you think in the comments section.
Happy trading legends!
HTBB
Check out my other analysis listed below to see my unbelievable correct analysis record at over 90%. If you find another analyst with this perfection record let me know as I doubt you will ever see anyone else with this statistic in your lifetime on this site.
So as you can see on this weekly log chart of BTC since inception, BTC has hit the top of the lime green trendline on the LMACD. Each time it has done this it has dropped over 75%.
The purple down arrows on the chart and LMACD show how this has played out before. Once BTC hits the lime green trendline on the LMACD it drops to the yellow trendline on the LMACD. The only time it didn't do this was where the yellow down arrow is on the chart and LMACD.
The yellow down arrow on the chart and LMACD show where BTC didn't retrace fully into a bear market but still dropped over 70%.
On the RSI you can see when the RSI hits the light blue horizontal line it retraces to the red horizontal line every time.
The orange down arrows on the chart and LMACD show where we are currently. Will it be a yellow or purple arrow this time based on the above parameters?
Will this bull run be something totally different we haven't seen before and break all the parameters above and go on a different course?
Will BTC follow the yellow down arrow scenario with a retracement followed by another pump to BTC's new ATH?
On the monthly log chart below you can see the RSI is about to max out and is already in overbought zone. Volume is nothing BTC has seen before though as you can see. There is also not one red candle on the monthly since 10k. As you may be aware nothing keeps going up forever....
So, will we see a drop in price based on history repeating itself or is BTC about to break history and do something entirely different?
Let us know what you think in the comments section.
Happy trading legends!
HTBB
Check out my other analysis listed below to see my unbelievable correct analysis record at over 90%. If you find another analyst with this perfection record let me know as I doubt you will ever see anyone else with this statistic in your lifetime on this site.
Note
My advice as a pro trader is setup stop loss or stop limit, depending on what exchange you are on and the wording. This way any position you are in currently, even on spot orders won't be a loss if BTC drops as per history. If you fail to plan, you plan to fail.
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