This is why I think Bitcoin price no longer

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
has to go lower back to 7k or even 6k region. Now this affinity that is forming has a downside and upside; recent h&s was in an uptrend so it should be clear that the price appreciated because of its direction (ignoring the structure, h&s ). But on this current side ways, it is in a downhill, goes to show that it should continue going lower. Fortunately (for the bulls), current forming h&s is too complex for it to be a corrective structure inside of a bearish impulse.

If bear is vigor and strong support broke, it is a signal of a devastation of price going back down to 3k.
Interesting observation there
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out