Sunset on BTC? - BitPig Terminal SetupI've been both a BitBull and a BitBear recently. I've also been incorrect recently when subjecting my opinion in either direction. Thus, I am going with my most objective BitPig analysis today and providing what appears to be the most likely scenario. Although it is ultimately Bearish, I am not a Bear in this case. Just BitPig with a BitDream is all.
BTC may shock everyone with a sudden reversal soon. The pattern that appears to be forming is a type of terminal fifth wave that ends with a horizontal triangle and subsequent retracement back to the Wave 2 line in red.
Should this happen, we might see a much heavier selloff thereafter.
I'm expecting a sunset, but if the horizontal triangle gets broken to the upside, we could be seeing a new sunrise instead.
-BitPig Rises, BitPig Sets
CME:BTC1!
BITBAY:BTCUSD
BITBAY:BTCUSDT
BITPANDAPRO:BTCEUR
CRYPTOCAP:TOTAL2
