A horrible year for Bitcoin and the crypto market
Updated
Before you speak my idea badly, read through the entire text:
There is no sign that the rally continues this year, the bubble will burst!
Why do you think the bubble will burst?
The question is easy to answer: Since history is always repeated in the world of trading, it will be the same this time.
It's just unnatural how bitcoin has gone the years. It is not possible and it would be bad if the run continued.
Many coins are way too expensive for their circumstances. Most of them either have no real use case or no finished product.
In addition, the technical analysis speaks also against a bitcoin increase. Even if some do not want to admit it:
> MACD makes a bearish cross in the weekly chart, which he did 1 1/2 years ago.
> RSI over bought since more than 1 year.
> We are about to confirm a candlestick under the EMA, which he did ... I dont know.
> There are also areas that we have not tested for some time since the rally - $7500 and $5000
But what does that mean?
For us it simply means that it will be a year of correction. Nevertheless, it is possible to end the year of the correction with profits.
And my goal will be: To get each one of you to have a profitable year to make the next even more profitable!
Stop being so optimistic and greedy, otherwise you'll lose!
There is no sign that the rally continues this year, the bubble will burst!
Why do you think the bubble will burst?
The question is easy to answer: Since history is always repeated in the world of trading, it will be the same this time.
It's just unnatural how bitcoin has gone the years. It is not possible and it would be bad if the run continued.
Many coins are way too expensive for their circumstances. Most of them either have no real use case or no finished product.
In addition, the technical analysis speaks also against a bitcoin increase. Even if some do not want to admit it:
> MACD makes a bearish cross in the weekly chart, which he did 1 1/2 years ago.
> RSI over bought since more than 1 year.
> We are about to confirm a candlestick under the EMA, which he did ... I dont know.
> There are also areas that we have not tested for some time since the rally - $7500 and $5000
But what does that mean?
For us it simply means that it will be a year of correction. Nevertheless, it is possible to end the year of the correction with profits.
And my goal will be: To get each one of you to have a profitable year to make the next even more profitable!
Stop being so optimistic and greedy, otherwise you'll lose!
Note
BTC 2014 in comparison to BTC 2018:![Can you recognize the differences ? [2.0]](https://s3.tradingview.com/i/ibiccxg8_mid.png)
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