Boy was I wrong in the short term. Bitcoin is a real trickster.
However, I kept on saying that the correction is not over. Read my other posts, but in short, a correction does not end with such high . We have a few more weeks to go! When its over, everyone will know it! will be very little.
Another interesting pattern formed was the triangle. This is a continuation pattern, in other words in our BTC market, down.
Lets see what other patterns develop, but I am glad that I remained short and did not give in to the pressure of the Bitcoin bull :-) Now the bears will have their feast!
Many bear indicators in the short term. At this stage its moving in a large bear pennant. If this pennant breaks, we are going to end up in the mid to high 8000's very quickly.
Sma 50 also proved massive resistance.