Bitcoin (BTC) has a history of repeating certain fractals. They can be easy to find for those that are willing to go the extra mile to do their research. In this case, that fractal is right in front of us. When the price tested the top of the symmetrical triangle the last time before it declined to the bottom of it, the fractal it formed is similar to what is in the making right now. There is the same pattern of rise followed by three tops which is then followed by a decline when the price faces a rejection at the trend line support turned resistance. The last time this happened, the price declined by more than 20%. This time it is expected to decline by at least 13% from current levels.
Detailed Analysis: cryptodaily.co.uk/2019/09/why-bitcoin-btc-is-primed-for-a-sharp-decline-from-current-levels
Video Analysis: youtube.com/watch?v=ps7WkNdzFE0
Detailed Analysis: cryptodaily.co.uk/2019/09/why-bitcoin-btc-is-primed-for-a-sharp-decline-from-current-levels
Video Analysis: youtube.com/watch?v=ps7WkNdzFE0
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.