BITCOIN, WTF TRENDS EDITION
Updated
Bitcoin has some crazy trends.
But everyone says I'm crazy, so I've really got nothing to lose, haha.
Basically, everything is overextended, but not really.. if that makes any sense.
It puts bitcoin rejecting somewhere between now and 48k, and dropping to like 32k, which then has it returning to 54, which then has it going to like 12k, which then shows 120k.
How likely is this scenario? LOW. Very low, and even lower that it is similar to what I've drawn.
But also.. Not impossible.
So, here it is. IF it should happen like this, you'll be prepared to buy into some massive fear.
If it doesn't happen. Then trends and price targets are still relevant.
But everyone says I'm crazy, so I've really got nothing to lose, haha.
Basically, everything is overextended, but not really.. if that makes any sense.
It puts bitcoin rejecting somewhere between now and 48k, and dropping to like 32k, which then has it returning to 54, which then has it going to like 12k, which then shows 120k.
How likely is this scenario? LOW. Very low, and even lower that it is similar to what I've drawn.
But also.. Not impossible.
So, here it is. IF it should happen like this, you'll be prepared to buy into some massive fear.
If it doesn't happen. Then trends and price targets are still relevant.
Note
So, per this chart, this would be jump one into big drop one. Into jump two into big drop two, into the final big jump and drop.Note
wtf trends was slightly wrong but also kinda right.Careful for the wtf downside from this pump.
idk, I have to assume that apple, msft and others are buying crypto now.
a crash to 27 with a potential horrible day or two with a wick down to 16k maybe even lower would setup a massive technical movement to the upside. Like massive. Like 900k maybe even 1.2mil big.
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Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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