Lets be honest here. ANY and EVERY time we've seen a massive crash we've retraced at least 85% from the peak to the bottom. We are now living in the period with THE MOST dumb money out there. Absolute retards are coming to me and asking to buy Bitcoin.
How long are we going to go during the despair period? Im calling 2K but some people are saying we won't break below 4K. What are your thoughts anons?
It would of been 2k if it broke the 9100 - 9400 resistance...it didnt, so it shits back down to 4400...
>ANY and EVERY time we've seen a massive crash we've retraced at least 85% from the peak to the bottom
False.
>Absolute retards are coming to me and asking to buy Bitcoin.
Proof that there are plenty of buyers at this level.
This is just another whale FUD thread trying to manipulate anons to sell.
And yes its following the Meme Graph, to the fking T
I would say 2.5K for now, and then perhaps a further plunge to 1K.
TA meme wise I've been waiting for a drop since 8.2k. Its of course possible that we drop hard back to 4-6k as many people say I can see that myself but I wouldn't underestimate the dumb money and bitcoin fomo.
>resistance is at 8500k, but it wont break that so we're going down to 2k
>ehrm... I mean resistance is at 9k, but it wont break it so we're going down to 3k
>*gulp* I meant of course that resistance is at 9.1k but it wont break that so were going down to 4k
This IS the meme graph retard. Take a good hard look at it.
No hes actually right, once the bubble peaks (not the minor corrections along the way) we have a 85% correction. Check your years on that pic. Its likely we goto 2-3k
The dumb money is already in buddy. As mentioned before, and what no-one seems to acknowledge, is that hype is based on knowledge.
A person buying wants to buy when no-one else is buying. We are at a point now where everyone knows about bitcoin and so person X, knowing this all of his friends Y know about bitcoin (even if they are not buying), will not think they're doing some super secret thing, and hence not end up buying. It's simple social psychology.