I just watched the exact same pattern play out on the 
BTCUSD minute chart as the macro of what Bitcoin is now. This is what market charts and pattern do. They're fractal, through and through. Please see the minute chart here:
From that, we can generate a prediction. Using the same ratios and movement patterns, we can callXBTUSD going to about $12,840 before taking a dive to new lows. This is of course not 100% guaranteed to happen but I would assign a fairly high probability to it, given what we're seeing on the micro-scale.
BTCUSD minute chart as the macro of what Bitcoin is now. This is what market charts and pattern do. They're fractal, through and through. Please see the minute chart here:From that, we can generate a prediction. Using the same ratios and movement patterns, we can call
XBTUSD going to about $12,840 before taking a dive to new lows. This is of course not 100% guaranteed to happen but I would assign a fairly high probability to it, given what we're seeing on the micro-scale.Trade closed: stop reached
It all went so terribly wrong.
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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.