They say it’s a pathology when your mental health is negatively effected by a fall in your market assets. So I must be mad because I get a horrible in my gut felling when the market and my stocks dump. I bet I’m not alone. However getting that feeling when its an asset you don’t hold collapses must have a special ward in the asylum and I need there phone number because I’m look at Bitcoin and it looks ugly and I feel it.
So as I’ve been calling this crash since the bubble hit $100,000 when I bailed, and its all on here so you can read a series of Bitcoin articles from me calling it up and down and now we are approaching the denoument of this cycles Bitcoin crash.
This is what I see as the outcome. You will notice I wont include a Bull point of view, because in the end I believe that probability is not worth discussing untill the next leg down is over. Remember I posted this here a in late January, so you can suspend your disbelief for a bit.
So rather than stretch out the agony here is the map, if no miracle occurs.
That is what I see unfolding. A bottom between $30,000 and $40,000.
However in true modern internet argot, I can do worse.
Have a look at this. I has to redraw the axis to get it on.
That’s a 4 leg crash, and I do not expect it.
But….. if we hit a pause between $30,000-$40,000 that is the precipice buyers will be looking at.
…and if we get there I’ll show you how to trade it on the long side if you still hold the faith.
Personally I’m over Bitcoin as an investment. It was lovely to me, but now its just another asset. However there are way to trade the next cycle, and if I call this leg right I’ll show you the map of what to do then.
It should be long, this time, for me to be either right or wrong about this next move.
Good luck everybody