12.06.2017 Sell Bitcoin Short

12.06.2017 Sell Bitcoin Short

We believe that the Crypto Hype has reached its peak. Bitcoin is now at 15.000 Dollar.

Elliott Wave Theory and applied Gann Theory suggests that the 15.000 Dollar level will set a High for the next 3 years.  The price target of the coming bear market is at about 2000 Dollar. Yes, you heard it, 2000$. Thats a 88% price drop.

There is a lot of pain coming. Many people will lose everything, because they cant imagine that the price of Bitcoin will go down. They will buy more and more into the crash in the believe that they will buy the bottom of the correction.  At the end of the year 2019 no one will talk about Bitcoin and Cryptos. It will disapear from the mainstream media and the crowd will forget it too.

But this will not be the end of Cryptos. We believe that 15.000 will not be the alltime high.

Quite the opposite. After the massive crash of Bitcoin there will start one last upwave. In this scenario Bitcoin will perform one last bull run which will bring the price above 10.000 Dollar.

In 2020 there will be a massive Fiat money crisis. Most of the central bank currencies will dissapear. Governments will try everything to keep control and of course they will try to ban Bitcoin. But it will be too late. Governments will lose their power and a new decentralised system will araise.

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