BTC has fallen below the sideways resistance (solid black line) it appeared to have broken out from. When the daily prints below $6,425 we'll have confirmation of this. Within the next month I expect to see candles printing below $6,000, which will prove that BTC is forming a descending wedge and not a descending triangle as others have said.
If others are correct and BTC is forming a descending triangle then we will see a decision by the end of November. If I am correct and BTC is forming a descending wedge we may not see a decision until Summer 2019.
See my long-term expectation for BTC here:
If others are correct and BTC is forming a descending triangle then we will see a decision by the end of November. If I am correct and BTC is forming a descending wedge we may not see a decision until Summer 2019.
See my long-term expectation for BTC here:
Comment:
Yesterday's daily printed as anticipated.