Bitcoin update.

in #bitcoin6 years ago (edited)

Taking Bitcoin in a strictly bearish view.. In this one, a lower low. The atm high may be all it gets. But anything below 6698.50 is valid for a 5954 handle. On the st view would produce a new lower low for 2018. This would trigger a 1.1k or a 2.8k target. Probably with some bounces. But the target would remain solid. This is below the 3k handle. A lower low would increase the odds of capitulation of the downtrend. Meaning Bitcoin could fall as fast or faster than it rose last year. Bitcoin and many others are on the ropes.

If the short views I post seem to develop, a resteem is appreciated.

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If Bitcoin goes even lower than $3k, then it is hard to imagine what is going to happened to alts.

Ugh, will this bear market ever end?

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