kperMan
Short

$BTCUSD biggest drop of this hill starting now

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is where I believe we're at with BTC . Same pattern again and again, and now we're at the point where we should have the biggest continuous drop of it all. As I've said in previous BTC technical analysis posts and I believe even stronger today, we will not go below 6500 and if we do...then that will be the start of a very serious crisis for crypto as we know it. Really unlikely.

Right now I think a good buy-in time would be when it hits somewhere between 6500-7500. $7000 feels like a good spot.
May 28
Comment: Almost there!!!

Comments

Why do people talk about this pattern when it’s also in all major indices
Reply
I'm thinking a drop to 7.8-8K and reversal. If this range doesn't hold we're down to 7K indeed. Good Chart!
Reply
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