2019.05.16 - Bitcoin Just Fell Through Last Parabolic AND Horizontal Support Lines, FOMO Bull Run is Over?
Heading Towards 5800?
While I was typing this post I had to change the title and content :-)
general picture:
https://postimg.cc/5HDcg62g
UPDATE
We actually already broke the parabolic structure a bit earlier, but the 7888 ATH of 8 November 2017 that acted as support for this Bull Run for a while, was not broken.
This did happen just today
https://postimg.cc/YvVVMqyT
I do agree with your finding but the still there are more chance of going up.
Hi, I just updated the post to illustrate that I think the chances for another uptick are less than 50%.
But there is still huge potential for ultra low risk shorting at 1x, as this thing normally has to come down, once all the fomo-ers have bought their bitcoins preparing for the Big Bull Run.
In the worst case scenario, the new bottom is 7888 if Bitcoin jumps back up above that level and manages to stay there.