Sorry for the clickbait title, but now that I've got your attention: We will not go to 0, but I think we might actually see around 9800 before dropping to 5200 and into a boring multi year bear market full of chop. It will be a very slow bleed. I've overlaid the inverted BTC bubble chart from March 2013 - flipping point happened when we failed to break out from the inverted head & shoulder in February which sealed the fate for our current bear market.
I will ride the swings, then take the short to 5200 and then EXIT this market. We might go up from there, but at this point I will be no longer interested in trading this asset.
I will ride the swings, then take the short to 5200 and then EXIT this market. We might go up from there, but at this point I will be no longer interested in trading this asset.