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Bye Bye Bitcoin: Major Support Broken

By Gareth SolowayCryptocurrencyJan 12, 2018 12:10AM ET
www.investing.com/analysis/bye-bye-bitcoin-major-support-broken-collapse-to-this-target-coming-200279727
Bye Bye Bitcoin: Major Support Broken
By Gareth Soloway   |  Jan 12, 2018 12:10AM ET
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Weeks ago I alerted crypto investors that Bitcoin was safe unless it broke a trend line of support as seen in the chart below. I predicted it would break that support. On Thursday, it broke. A downward spiral will now occur, taking Bitcoin to $8,000. Once there, expect a huge bounce back above $10,000, maybe even $12,000.

Other crypto-currencies will see major declines as well as the small investor freaks and runs for cover. Anyone who did not think this was going to happen is literally an idiot. The CME and CBOE launched futures just a month ago so the big institutions could short the hell out of these things. Once the big boys get on one side, it is going that way. That side was the short side. BOOM!

BTC/USD Daily Chart
BTC/USD Daily Chart

Bye Bye Bitcoin: Major Support Broken
 
Bye Bye Bitcoin: Major Support Broken

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Stephen Fleece
Stephen Fleece Jan 18, 2018 1:00AM GMT
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Nice call in retro.
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kiruba sekar
kiruba sekar Jan 15, 2018 10:15AM GMT
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all predictions will fail. as luck sometimes someones predictions may be true.
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Csaba Hegedüs
Csaba Hegedüs Jan 13, 2018 10:37PM GMT
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Whats up Gareth?
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Eidmar Lopez
Eidmar Lopez Jan 13, 2018 2:06PM GMT
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please thats your last chart sir.
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Muhammed Butt
Muhammed Butt Jan 13, 2018 8:35AM GMT
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Lol btc 14,500
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Paulo Garcia
Paulo Garcia Jan 13, 2018 8:16PM GMT
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Lol
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Crypto Short
Crypto Short Jan 12, 2018 7:06PM GMT
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You are then the only person who can predict bitcoin on this planet. A throratical curve analysis typically works in a centralized stock market but does it also work in crypto market. I doubt that but I agree that btc can collapse for 6m or even 1 year. it is a trust market and can be manipulated.
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Rararr Campbell
Rararr Campbell Jan 12, 2018 12:01PM GMT
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He is right, it will jump back to its previous two month standing, 10 to 12.
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Rararr Campbell
Rararr Campbell Jan 12, 2018 12:02PM GMT
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Two weeks standing*
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Alan Jesus Alvarez Gajardo
Alan Jesus Alvarez Gajardo Jan 12, 2018 10:26AM GMT
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Y ?
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Anton Nikolskiy
Anton Nikolskiy Jan 12, 2018 8:40AM GMT
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Down to 8k
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tony ooh
tony ooh Jan 12, 2018 6:28AM GMT
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gareth, i don't have the nerve to move on it. your call going forward re the 8 to 10 or 12 is, as the pres says, huge. if someone out here takes the call and wins, they owe you more than a case of bud light. there's many ways to play this as you suggest without suggesting. anyway...it was fun to read. everyone should be watching to see how it plays. right or wrong, gareth, it's a gso blackstone kinda play. i like it.
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Ashish Talekar
Ashish Talekar Jan 12, 2018 6:01AM GMT
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Ok so Shall we sell Remaining assets now it self?
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