Following my previous post, BTC has kept rising. I have only altered the first green arrow to the first peak, which after being reached, made the price tumble down. If you go back to my previous post, everything else is still untouched, and it was clear that the first arrow needed some slight re-touching.
As of right now, the High Resistance limit has been...
In this extravagant 6 months pattern I've highlighted, BTC has shown somewhat of a trend to rise close to, or over the resistance line, just twice before reaching an extremely lower-than-support price, funnily named "Pit of death".
This time around, the goal price could actually be as low as $7.000, from the resistance price @ $11.700
As the BTC market has been encountering huge amounts of panic sell on the past (EU) night, it seems like we are approaching a very linear stage of correction, which could potentially bring the price down to $9.8, reaching lows down to $8.8-9.1k. Great buy times.
