The first double top in the history of btc? The first double top in the history of btc? The first double top in the history of btc? The first double top in the history of btc? The first double top in the history of btc? The first double top in the history of btc? The first double top in the history of btc?
double top mean below the neck... the target is with " - " looks imposible. Just say...
Tonpanzee
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This is the bulls worst nightmare.
hocuspocusbro
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I think retrace from the ath to 49k. Then 100k. then bearmarket
cactusleo
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I have the same feeling... except my analysis does not have retracing as far or taking as long to bounce. I think it will all play out this year. Great analysis!
@disobey, Because it's just wishful thinking based on nothing.
disobey
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@BitcoinBearSlayer, Based on previous lows. These lows are on the same level.
BitcoinBearSlayer
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@disobey, I agree, that your support and resistance areas are legit, I just don't see how you arrive at the path you've drawn without anything other than pure speculation. It's not based on Elliot Wave count, Fibs, or any other indicators. It looks cool, I just don't see how you arrive at such a precise conclusion. If the price does indeed follow that path I would be very impressed.
disobey
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@BitcoinBearSlayer, Yeah, the path is pure speculation but the double top is based on the previos lows. The path is not important.