Hello steemians,
I was making my daily research on what is happening with Bitcoin recently. The price has went down sharply and "it could be a good time to buy" Heads up! it could be the worst time to buy too!. There is too much panic around it and for me it is not very clear to make a trading move right now, I have made my own research on the patterns and I found the "Classic Bubble Pattern" I want to share this information with you.
Disclaimer: This is only for educational purposes. Please don't take this as financial advice. I'm not an expert on this field. I'm not owner of the images sourcered here. I'm using this information to make my own argument.
First of all I want to share the Classic Bubble Pattern
As you may see we reached the top scenario of new paradigm right before start fallin into a bulltrap "oh everything is fine now" and continued by a sharp fall full of panic. At the moment of writting this post Bitcoin is at 3372 USD.
There are some proofs about what is happening right now. It has occured in the past within these undustries:
1. OIL
2. NASDAQ
3. Chinese Shanghai index
4. Cotton
5. Bitcoin?
