Hi, This is not a trading plan but a likely scenario for another giant Bubble for Bitcoin.
BTC is growing bubble after bubble (4th in its history since 2008).
Take off has ended at $20.000 when CME Future Contracts opened. Investors has shorted heavily via these contracts. Institutionnals are coming slowly into this market where in the same time where governments are trying to find solution for regulation on cryptos (it's needed imho)
The market cap is still ridiculous in comparaison with other assets. Many people make the comparaison with the Dot Com Bubble in 2001. That's true, i think BTC could lead the same road but maybe at higher level. The total market cap in Dot Com market, when the bubble burst, was 9.6 Trillions ! At $20.000, the total market cap in Crypto was "only" 800 Billions, almost 10x less than dot com market capitalization in 2001.
I personally believes that we are in one of the worlds greatest bear trap in the history of bear traps...
frydek
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Cool! But in this timeframe is 5K, 3K still close... Personally I hope you right. Let's see what happens.
ZtCedric
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I like the fact that you put the bull trap at the peak of return to normal .. so many people do it wrong, u know ur shit! I like this idea it matches with masterluc's 110k target! :)
custom_drake
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lol why people compare Dot Com boom with Blockchain boom, actually Blockchain is part of IT technology and part of Dot Com... you can't mine and proceed transactions without internet and etc... so Dot Com gave birth to Bitcoin indeed.
its just small branch of IT sphere... and don't expect it to reach at that level...
gamerveda
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Smart money got in way back in 2010-2012 or in 2014-2015. Regardless, the likelihood crypto is actually going mainstream this year is not likely. They've only heard of it as of now, the public that is. However, for them to be able to actually invest in it is far more challenging right now. You're likely looking a another couple years down the road for when onboarding is super easy and everyone is finally investing the crypto space like they did in the dot com bubble at the end of in 1999
minson
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interesting idea.. kinda like it... but despair at 20k? maybe for those who will be buying at 100k(according to this idea) lol...
UnknownUnicorn1159425
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agree, perfect bubble
mmmp12
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9.6T - yes. But started from much higher position too.
In 2015 cryptos were only 3B$ marketcap. At the top were 850B$, with projects icos popping more crazy, than in dotcom. Blockchain in the name and your stocks moon. Too much resambles, cryptos are faster, so for nothing seems to indicate we have any reversal.