BitCOiN OBViOUS BUBBLE CHART. I INSiST.......

22 Şub 2018

Hi all. Back again with my idea that BiTCOiN is living a classic BUBBLE burst and I maintain target minimum to 3000 (unfortunately even lower, or fortunately for those who sell). Previous comment from other users point out that the daily chart shows that the downtrend is still intact. I insist on saying that Bitcoin must be sold on any pullback. While 8000 remains the next major support, a closure below that level will target 3000 straight with minor support at psychological level of 5000. Why minor? because the pullback from 5000 will not be as large as the one from 8000....All those who are selling now are those who missed selling above 10,000....and below 8000 the move will accelerate as panic kicks in. If you look at any financial Bubble in history they all have the same chart, the same patterns and the same behavior. Why? Because humans are driven by greed and soon by fear. Don T forget that Bitcoin started dropping when professional investors kicked in the game with the CME Futures market, these people can sell (or Buy) huge amounts. Don t get caught long in a bubble burst.....