Bitcoin - the final leg of the correction still to come?
I expect a further fall in the Bitcoin price of approximately 30%.
This is based on reviewing the dip of July 2016, noticing similarities between the price patterns at that time and now.
This is based on reviewing the dip of July 2016, noticing similarities between the price patterns at that time and now.
Note
This news out of Davos could be the trigger that precipitates and deepens the expected crash. cointelegraph.com/news/regulate-it-out-of-existence-stiglitz-and-swiss-bank-bash-bitcoin-at-davosNote
I'm a little surprised at how well the price is holding up and wonder whether we're seeing an ascending triangle forming? The latest rise isn't accompanied by any increase in volume.Trade closed: target reached
Well I don't mean to boast, but I called this trade pretty much perfectly. I just wish I'd been brave enough to trade my own analysis!!
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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.