Post
Topic
Board Speculation
Re: Don't Panic Yet, Bitcoin Analysis.
by
exstasie
on 13/03/2020, 20:00:34 UTC
Dead cat bounce, bitcoin is going back to $3k. Small traders are selling now.
Its not panic, people want to buy cheaper after Peter Brandt prediction.

Link? Peter Brandt is known for selling his followers down the river. Wink

This is what I was getting at in my discussion of "what kind of bear market is this?" You assume it means lower lows and endless carnage, $3K and beyond. There is a distinct possibility we are in a long term sideways formation. I think you are ignoring that and have been for a very long time.

Watching the market reach $3,850 then V-bottom, and still expecting $3K.......I suspect that prediction will not age well, but let's wait and see how the weekly candle closes in relation to the 200-week MA. Bulls are not out of the woods yet.