Could this be where the market is heading?
Updated
We seem to be going through the same emotional ride as we did before in the last bubble but with just less participation and news coverage. There are now existential threats no longer round the corner, but actually upon us, Libra and regulations are not good for crypto price appreciation. Adoption, if it ever actually happens as is currently predicted, is still miles away. Coins are worth 10's, 100's of millions or even billions in magic internet money that can be converted into fiat (if you get there first) with no product and no customers. Libra has brought crypto to the forefront of the agenda for world governments and pretty much none of the commentary is positive. What if we are setting up to put in the exact same pattern as before and head to new lows like this. I welcome contrary opinions.
Note
to be noted, i was not paying attention to the time frame of how this pattern plays out. More just pointing to the potential for the pattern to happen again.
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