joelsmalley

BTC bubble mania, pop scenario - UPDATE

Short
joelsmalley Updated   
BITSTAMP:BTCUSD   Bitcoin
On 22nd Dec, I said Mania Phase is done. Blow Off Phase has begun. Bull Trap, Return to "normal" could see $16k before crash to under $2k.

I stand firmly by this overall view. Although I maintain my technicals were very crude, with a dead cat bounce to $17,150 and BTC standard deviations, I wasn't actually too far off.

Now, we approach the "fear" stage. Hold on tight, it's going to be a bumpy ride down.
Comment:
31st Jan: SEC, CFTC and other regulators take agressive stance, Facebook bans crypto related ads despite two prominent philes on Board. Can you smell the "FEAR"? Scenario still playing out to a tee.
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