Bitcoin's Daily Ch-Art - Worst Case Scenario

in #bitcoin7 years ago (edited)

What's the worst case scenario for Bitcoin and alt-coin crypto's in general?

When the last big U-turn 2015-2017 is repeated:

  • bearmarket with LOW around 750$ 1st May 2018
  • in August 2018 finds support on descending bearish resistance trendline and bounce back on ascending trendline of lower channel around 900$
  • bull market 2018-2019
  • break out to 10K $ in early 2020

2017.07.11 log 3d 2.818 - scenario worst.png

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You sure 10K$ in 2020, its price of bitcoin in worst scenario?

Edited "K"

Yes, it would surprise me a lot if Bitcoin did not reach 10K by 2020

10.000 is european way of writing 10,000 so it's 10K in fact ;-) - just updated the post to avoid confusion

Nice post, Thank you very much for this post @pagandance,

Yeeeeeeeeeeeeeeeeeahhhhhhh !!!!!!!!!!

BUY time

I read somewhere, where one person thinks that BTC will drop as low as $600 for a short time then start going back on an uptrend.
Let's see if this drop happens.

I'd prefer it to fall sharply in the coming weeks to 1100-1200 in early August and then move up again in the current channel in stead of falling down into the lower one :-) - much shorter pain

all crypto are in red color.

Thanks for sharing :)

time to invest

@pagandance,
Yeah worst case scenario can be happened. We all think positive side only. But thanks for you I just understand the risk of fail. Really great post my friend! Forgetting about the worst case scenario, we can be in a huge potential risk as well. Appreciate your effort!

Cheers~