Back to square one in a few weeks
-- UPDATE --
This long-term this risk is still there, but as long as we keep on slowly going up tradingview.com/v/6YCHhBxf/ (earlier tradingview.com/v/cJUfFZVz/ ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid.
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The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the square containing their thrown targets. They go from one to (usually) eight or ten and then back to square one.
This long-term this risk is still there, but as long as we keep on slowly going up tradingview.com/v/6YCHhBxf/ (earlier tradingview.com/v/cJUfFZVz/ ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid.
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The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the square containing their thrown targets. They go from one to (usually) eight or ten and then back to square one.
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