I had not realized the formation of this pattern. Please correct me if I am seeing something that does not exist. I sincerely hope I'm wrong.
Of course, only very bad news that shakes its foundations can trigger this FUD.
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Another touch on the neckline.
Despite the tabloid title, I do not believe bitcoin can go to zero. Some analysts predict a correction up to $ 2,800 or $ 3,000 But what the confirmation of this H & S can tell us is that the correction may be even greater than that.
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What worries is that if the price really falls below 3,000 is the fact that with that the historic trend line of bitcoin would be broken.
It would be a dream to see this value, it would be the greatest manipulation of the market of the planet, because I believe that the great institutions would buy everything to monopolize and to capitalize.
kadufregossi
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@mozartc, I also believe in technology and I think very unlikely.
I'm just interpreting the pattern of the chart.
And I'm certainly not the first and I will not be the last predicting that the bitcoin can turn to dust.
The probability exists, we can not deny.