Bitcoin bug zapper bottom theory

10 apr 2018

So I looked it over much longer, and I think this makes a lot of sense. These 2 blue lines have acted like bug zappers to Bitcoin. I think we will hit the closer one very soon. This will send us down to the long awaited double bottom of $6000. That rush is going to allow us to punch through the first line but we will hit the second line and the plummet like we have 3 times before until we hit that nice $3,000 that the whales have been waiting for (in my opinion). Once at this level, their huge market buy orders will trigger and smash through both of these lines and allow us to exit this descending line of death and on to a new bull run! Pretty simple huh? It makes sense to me. The only issue is where will the drop from the second main descending line take us.... once we hit that line we will find out very quickly. I like $3,000. I see a lot of support at $2500 as well as $4,000. Either way, I feel it will definitely be below $5,000. We have to hit the main resistance line in order to be sent down to our bottom. That should be very clear 3 days after we touch it.