joelsmalley
Short

BTC bubble mania, pop scenario - UPDATE

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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.
WHat's your latest take on this one? I see bullish and bearish analysis, probably more the latter than the former, given action over the last few days.
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