BITCOIN / USD - WILL HISTORY REPEAT ITSELF? - CryptoManiac101
Updated
BTC / USD TA
Here we are looking at very interesting historical movement we've last seen back in July of 2015 when we were getting off the bear market and moving in bull market with the Golden Cross. Just as everyone was moving into their 'Euphoric' phase, bears were starting to emerge from the deep, hundreds of millions of Bitcoins were on the move as they were getting ready for today's dump which just so happens to 'coincide' with the Tether FUD news. Just to put this into perspective, Tether minted $300,000,000 just couple days ago and 'supposedly' lost just $850,000 - take a moment and put two figures together.
What does this mean in short term?
In short term it means that this fractal might just come to fruition as it seems to be done on purpose and under similar circumstances as last time. We did anticipate something like this to happen back on April 24 via Twitter (Source - twitter.com/_Crypto_Maniac_/status/1121121960333856768) We noted that since we believe that same people who were in control of Bitcoin back during 2015 market are most likely the same people in control today in 2019. Why? Well it's simple, we can see that from overall Bitcoin movement over last 17 + month has been largely a replica of Bitcoin movement back in 2014 - 2015
Where can Bitcoin drop to?
Realistically if our theory was to come to fruition, we would have several targets. T1 - $4,879 region / T2 - $4,570 region / T3 - $4,170 region / T4 - $3,500 region
Will this fractal actually come to fruition?
We don't know, but what we do know as of right now is that correction was expected, large BTC transaction have been spotted just hours before this dump, FUD news article cycle has started as expected and we are at the same 'mile marker' as we've been before in 2015. In all, we're not trying to say that this will surely happen and that you should SHORT Bitcoin, but we are trying to show you that it is possible as it has happened before in prior years during similar, near exact circumstances as today.
Here we are looking at very interesting historical movement we've last seen back in July of 2015 when we were getting off the bear market and moving in bull market with the Golden Cross. Just as everyone was moving into their 'Euphoric' phase, bears were starting to emerge from the deep, hundreds of millions of Bitcoins were on the move as they were getting ready for today's dump which just so happens to 'coincide' with the Tether FUD news. Just to put this into perspective, Tether minted $300,000,000 just couple days ago and 'supposedly' lost just $850,000 - take a moment and put two figures together.
What does this mean in short term?
In short term it means that this fractal might just come to fruition as it seems to be done on purpose and under similar circumstances as last time. We did anticipate something like this to happen back on April 24 via Twitter (Source - twitter.com/_Crypto_Maniac_/status/1121121960333856768) We noted that since we believe that same people who were in control of Bitcoin back during 2015 market are most likely the same people in control today in 2019. Why? Well it's simple, we can see that from overall Bitcoin movement over last 17 + month has been largely a replica of Bitcoin movement back in 2014 - 2015
Where can Bitcoin drop to?
Realistically if our theory was to come to fruition, we would have several targets. T1 - $4,879 region / T2 - $4,570 region / T3 - $4,170 region / T4 - $3,500 region
Will this fractal actually come to fruition?
We don't know, but what we do know as of right now is that correction was expected, large BTC transaction have been spotted just hours before this dump, FUD news article cycle has started as expected and we are at the same 'mile marker' as we've been before in 2015. In all, we're not trying to say that this will surely happen and that you should SHORT Bitcoin, but we are trying to show you that it is possible as it has happened before in prior years during similar, near exact circumstances as today.
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Note
Crash is coming guys - don't go crazy with your LONG
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