Just looking at the chart, I asked myself, what if my reading of bitcoin had been all wrong?
In an old YT video, I mentioned that some financial players (not just "banks" but also others in e.g. asset mgmt.) may be wishing for a crypto winter in order to adjust their business model.
If this turns out to be the case, we still have a long way to go before hitting the inter-year trend from 2014 to early 2017 (the lowest green line).
I thought that we've completed a triple combo correction (red), but what if from 17k to 6k was only XY (yellow)? That would bring us to 2.5k.
I think this is VERY UNLIKELY. As I still think 100k is attainable in 2018.
The judgement time is NOW.
If bitcoin fails the green line from 2017 (we're at it now), 2018 & 2019 are over. Wait for 1k & buy only quality coins then.
On the other hand, if we go up from here (VERY LIKELY), we'll confirm the breakout from the red channel & the support of the green line.
I put "long" on the side because if you want to gamble this is the time (on breakout). If we fall again like Jan-Feb, we should retire from this market for now anyways. This is the judgement day, the last stand.
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Ok game over.
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Sold everything. Posted huge losses since Jan & I'm done. Market recovery will be slow. A drop to at least 6k can be expected, but if it drops to 6k who will buy?
If we follow the yellow correction line, that's 2k
Good luck!