The price of Bitcoin has been under the mid-line of the bollinger band (20WMA) far too long now.
The previous updated stated a drop within 3-4 weeks. We are here now
here is what I wrote " We still should expect sudden drop from here within the next 3-4 weeks, unless we make another miraculous recovery like we did in mid May, however as convinced as I was then, Looking back now you can see it was a double top (April and November)."
The price of Bitcoin will bottom around $25500 - $26500 according to the current bollinger band. Previously the Supertrend held, however along with the NVT being negative this is no longer the case.
The previous updated stated a drop within 3-4 weeks. We are here now
here is what I wrote " We still should expect sudden drop from here within the next 3-4 weeks, unless we make another miraculous recovery like we did in mid May, however as convinced as I was then, Looking back now you can see it was a double top (April and November)."
The price of Bitcoin will bottom around $25500 - $26500 according to the current bollinger band. Previously the Supertrend held, however along with the NVT being negative this is no longer the case.
