My 2 sats about what's gonna happen:
Green support won't hold and BTC will drop down to $7500-$8500 area like everyone is expecting.
But since everyone is expecting it to bounce from there, it's an ideal level to set up a bull trap.
Which means it's gonna bounce from $8k area and break the first resistance which is the dotted red line pointing downwards, THEN spectacularly collapse to God knows where.
Mainstream media and dinasour bankers and Wall Street people celebrate, "We told you it was a bubble" bla bla.
Then towards the end of the year, BTC will pull a phoenix and reach new ATHs in 2019.
"Endure, in enduring grow strong"
- Dak'kon from Planescape Torment
Green support won't hold and BTC will drop down to $7500-$8500 area like everyone is expecting.
But since everyone is expecting it to bounce from there, it's an ideal level to set up a bull trap.
Which means it's gonna bounce from $8k area and break the first resistance which is the dotted red line pointing downwards, THEN spectacularly collapse to God knows where.
Mainstream media and dinasour bankers and Wall Street people celebrate, "We told you it was a bubble" bla bla.
Then towards the end of the year, BTC will pull a phoenix and reach new ATHs in 2019.
"Endure, in enduring grow strong"
- Dak'kon from Planescape Torment
