BTC TAX SEASON CRASH
These are guidelines of what may or may not happen in the market.
04/12/18
BTC DUMP 10 DAYS | 29.45%
BTC PUMP 19 DAYS | 37.45%
BTC DUMP 4 DAYS | 6.9%
BTC PUMP 8 HOURS |3.6%
BTC TAX DUMP 4 HOUR DAY 5 (April 15th) | 24.45%
Currently BTC pumped from 6K to 7800K that is a full 30%
According to percentage analysis BTC should see another pump of up to 4-7% until the 4 day dump.. 8381 USD
However I believe that to be unlikely unless we are behind schedule by 8 days.
Playing it safe.
Today is the 12th of April and on the 12th of April last year BTC dumped 6.9%
Then pumped same 3.6% for 8 hours
After the 8 hour pump we saw 3 days of bear traps...
Finally on the 15th from 5 AM in the morning to 9 AM in the morning BTC DUMPED
BTC then pumped right back up to 1190 that same day April 15th at 9 AM
There are two market psychologies here..
1. BTC will rise 7% more even though we are right on track for the crash.
2. BTC will fall and we are already in the bull trap.
Conclusion:
I believe 2. BTC will fall.
The market follows time trends, percentages over time can help us quantify the amount of profit possible.
Deduct 24% of 7800 we get 5928
I believe whatever happens this is a safe value to buy back in.
Sell price 7800
Buy price 5950
Other thoughts:
BTC may drop lower due to the current market missing 7%
Instead of 24% maybe a full 30% dump making up for the lost 7%
04/12/18
BTC DUMP 10 DAYS | 29.45%
BTC PUMP 19 DAYS | 37.45%
BTC DUMP 4 DAYS | 6.9%
BTC PUMP 8 HOURS |3.6%
BTC TAX DUMP 4 HOUR DAY 5 (April 15th) | 24.45%
Currently BTC pumped from 6K to 7800K that is a full 30%
According to percentage analysis BTC should see another pump of up to 4-7% until the 4 day dump.. 8381 USD
However I believe that to be unlikely unless we are behind schedule by 8 days.
Playing it safe.
Today is the 12th of April and on the 12th of April last year BTC dumped 6.9%
Then pumped same 3.6% for 8 hours
After the 8 hour pump we saw 3 days of bear traps...
Finally on the 15th from 5 AM in the morning to 9 AM in the morning BTC DUMPED
BTC then pumped right back up to 1190 that same day April 15th at 9 AM
There are two market psychologies here..
1. BTC will rise 7% more even though we are right on track for the crash.
2. BTC will fall and we are already in the bull trap.
Conclusion:
I believe 2. BTC will fall.
The market follows time trends, percentages over time can help us quantify the amount of profit possible.
Deduct 24% of 7800 we get 5928
I believe whatever happens this is a safe value to buy back in.
Sell price 7800
Buy price 5950
Other thoughts:
BTC may drop lower due to the current market missing 7%
Instead of 24% maybe a full 30% dump making up for the lost 7%
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