Let’s All Admit that the Bitcoin Price Bubble Has Popped

[MatTheCat]

It went from cents to $32, to $2. What happened after didn't create a new high or low until $266.

32 was wave 1
266 was wave 3
1200 was wave 5

everything in-between were sub-waves.

Not a single EW analyst thinks that. None.

Plenty do.

DanV for one had that very scenario nailed and predicted Bitcoins bottom coming in the $100 range, back when most people would have considered this to be utterly unthinkable, including even myself. In actually fact, the recent bottom has overshot DanV's forecast as it punched through his long term support line. I would be interested to see what DanV's views on Bitcoin are at this time.

btw...how is your shitcoin portfolio doing? Still 'hodling'?   

[blade87]

Below is a chart that shows the stages of a bubble bursting and the aftermath:

I agree with this, maybe more flat instead of up like that, except for the very end final capitulation. Why? Because unregulated. This market has proven too volatile time and time again for good traders to ever leave it. And it just keeps expanding. Some will argue it has already gone mainstream. Mainstream in the sense that it is known, yes, but utilized - no. We have to see that. The question is then will that happen? If it does we see new highs.