RE: Comparing [BTC] sell-offs and what to expect now !!!
Great analysis, had to zoom your chart to read it all :-)
Really well explained though.
I think a dip to 10-8k$ will occur, BTC can't just go back to 20k$ like that, but 5k$ is a bit pessimistic imo, but it's true that if the 8k$ support is broken there will be huuuge panic selling ...
In that case we will be back to the beginning of 2017, and a bull run will follow. The fact is a lot of money from standard investor is coming, even JP Morgan plans to offer futures for BTC, so it will go up again, another fact is they want to buy cheap so, maybe if it dips really hard they will be involved in a way or another, and maybe it's already the case, they could have been involved in the pump to 20k$ and now they slowly sell to make it dip and induce panic sells. Really ugly for little hodlers like me, the only way to not be crushed is to HODL, selling now is complete non sense, planning some buying is the good move imo.
Thanks for sharing anyway, I'll use your chart to ladder better my buyings (to hodl, no leverage), 10 to 8k$ seems good, and keep some cash to buy more if it dips lower.
Thanks for your feedback!