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BITCOIN CHART PATTERN SHOWS BOTTOM

BITCOIN CHART PATTERN SHOWS BOTTOM

pBITCOIN CHART PATTERN SHOWS BOTTOM? how much lower can Bitcoin go talking about in this article my idea my theory on why I think Bitcoin still has some downside to go here and then kind of talking about why I think Bitcoin might hit a certain percentage drop before we find a bottom looking at the Bitcoin sharpness article and talking about the price I think Bitcoin might hit before we return to a bull market so stay tuned to find out what my theory is and what price Bitcoin might hit varies whats going on guys Patrick here today were talking about Bitcoin really its like Bitcoin crypto currency so when I talk about Bitcoin Im basically talking about the cryptocurrency market it really all just depends on Bitcoin right now so were looking at Bitcoin as basically the macdaddy the one chart that everybody else is following looking at the Bitcoin chart back in 2013 had this big move up here to the 300 dollar Erie it crashed had a big crash big selloff trying to lower to the lower and finally the reversal kind of started there at the 60.00 area so from 300 to the 60.00 area about an 80 drop 82 around there we started to move from 60 started to crank up crank up November went from 200 4, 200 area up here to 1, 200 so this would have been a 2000 percent move here on Bitcoin back in 2013 so you had that 82 drop there in the beginning of 2013 and then after that you had a 2000 percent move from that bottom there and 2013 so massive move there from 60 up there to 1, 200 well what happened after that alltime high there in 2013 after that it was basically another big kind of selloff massive selloff after that and you can see what happened so from that 12hour area look at this looks pretty much exactly the same as todays chart on Bitcoin you can see from the 1200 our area where did it go boom down here to a hundred and fifty dollars another 85 move and then finally we kind of a bottom there at the hundred sixty hundred fifty dollar area it took about a year took about a year 2015 before we really broke back out of that and then Id say probably the end of 2015 this started to move higher so all the 2015 it really just was a bear market 82 percent dropped 2000 percent move 85 percent dropped 11 thousand percent move up there to the 20, 000 area two years later the runs have been getting bigger the drops have kind of stayed the same so Im thinking right now we are at about 70 percent drop from the alltime high so from 20, 000 to 6, 000 is around a 70 percent drop now to get that full 80 percent drop 85 percent area we would need to basically get down there to the 3, 000 area then wed kind of be at that 85 percent drop which is kind of where we were the last two times that the market kind of sold off and then returned to a bull market most of the time these patterns repeat themselves and obviously this theory is kind of looking back in the past what has happened in the past what patterns have we seen before and look we saw that drop 85 percent we saw the 2000 percent move we saw another 80 percent move and then we got an 11 thousand percent move whats happening once again were getting another 80 percent drop so 85 percent area would put us there at the 3, 000 area on Bitcoin plan is kind of planning that Bitcoin could drop down here to the 3, 000 area to kind of repeat that pattern now Im not an expert when it comes to technical analysis stuff like that charts and all that people draw crazy lines all over place but clearly you can see the pattern here by looking at the Bitcoin chart its very clear big draw big drop big run big run and now what happened again were getting another big drop were probably gonna see the six thousand dollar area not too sure were gonna see three thousand dollar area but it could happen the one thing that I am bullish about here is that a lot of infrastructure is being built on top of the blockchain world Bitcoin world more people are building on top of the idea of blockchain revolutionising the world than ever before so back in 2014 we had a 2, 000 percent move Bitcoin was still a very bare young it was very kind of unknown and then you know last year when we had this big major move we really had a lot of new investors a lot of people coming into the game new websites got new people with large pockets that are getting into this cryptocurrency space you had a lot of things going on right now so next big move could be you know twenty thirty forty thousand percent move from that low if you look at this chart and thats not to say thats gonna happen tomorrow or the day after or the month after or the week after or the month after the year after but long term you know two three four or five years whatever this is gonna be whatever this charts gonna be you can see in the beginning of 2013 we had that selloff which is about six months and then it rallied back as much as I hate to say it we could be stuck in this kind of bear market for the next year or so or even more you know two years so my game plan really is just by big selloff stew just by a little bit by a little bit by a little bit continuously and just kind of build my portfolios by coins that I like Im buying digi buy Im looking to buy some more Bitcoin if it gets down to 3, 000 our area Ill definitely load up on some more bitcoins stuff like that but overall this is a longterm play Im looking for longterm two three four years at this point and I like to buy the dip hard here and thats kind of my plan Im looking at this chart Im seeing the pattern and Im thinking hey seventy percent discount here with the idea that we could possibly see another wave that is similar to these waves I mean that would be an amazing return if we havent found another bull market by 2020 all hope might be lost but overall you can clearly see their pattern here that we have had these pull backs but each pull back has been met by a much much larger run after that you know the good thing about Bitcoin is no matter what its still limited theyre not gonna be able to create more nobody can just print more Bitcoin even if bitcoins crashing its not like hey Im gonna print more Bitcoin because I gotta pay my bills no no its not how it works theres only gonna be a certain amount of Bitcoin no matter what two or three years where Bitcoin is at an alltime low alltime low is keeps going lower nobodys gonna be injecting the market with more Bitcoin they cant just print more Bitcoin and thats a good thing for investors thats a good thing who are bullish on Bitcoin cuz it cant just be replicated they cant just print more every single day and thats kind of what were looking for here its gonna get worse before it gets better is what Im thinking at this point Im not gonna be looking at my portfolio constantly Im just gonna be buying the dips buying a little bit buying a little bit and just be consistent continuously buying the dips here I think once you see the chart once you see the pattern it makes you sleep a little bit better at night because you see hey you know this happened before people have gone through this exact same thing that were dealing with they went through this eighty percent drop before so Im gonna be sleeping a little bit better at night after kind of seeing this pattern and it kind of telling myself hey were here longterm were buying the dips we dont care if Bitcoin goes with 3, 000 Ill still be buying Im thinking that Bitcoin 3, 000 area is coming and then once you get to that state of mind where youre like hey bitcoins 1 or 3, 000 nothing I can do about it all I can do is buy more I can buy more and its going lower and Ill be happy if it goes lower I can get more theres no way that blockchain technology cryptocurrency is going anywhere this is going to revolutionize the world but its gonna obviously be hard theres gonna be dips its gonna be bad news theres gonna be people trying to take Bitcoin down and its gonna be a lot of people hating it along the way out people telling me that Im an idiot for investing in this as its down 80 but for me I feel better about buying more at 80 of a dip than buying at alltime high I got a pretty good average on everything that I own I can still average down Ive got more fiat currency I just keep printing fiat currency Im not worried about I can keep rinsing it and I can keep buying some more Bitcoin theres an idea that there could be massive returns to come here on Bitcoin in cryptocurrency in general so Im in it for the long run and Im buying the dip and Ive just told myself hey bitcoins gonna 3, 000 if he doesnt go 3, 000 I wont be mad trust me I wont be mad about it Ill be happy but at same time Im not gonna be sad if Bitcoin goes to 3, 000 I think thats a good way to look at it its a really good way to look at it actually so if you guys havent already do me one big favor hit that like button leave a comment below what do you think how low is Bitcoin going to go also hit the subscribe button if you havent already I will talk to you guys laterp

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