Game Over: Bitcoin Won’t Make It For a Year
August 14, 2018
The head of technical research at Renaissanse Macro Research Jeff deGraaf concluded, the cryptocurrency is done.
Jeff deGraaf, who has been suggesting efficient trade ideas to its customers over the last 20 years, used to claim earlier, the situation with the cryptocurrencies is “permanently impaired”.
“Parabolic moves are notoriously dangerous for short-sellers”, he said about Bitcoin and added, the peak is reached after “descending triangle over months, with reduced volatility”.
As soon as the cryptocurrency hits the top and the support level falls, investing will turn dangerous. So Bitcoin can be considered “game over”.