gpuri
Short

BTC may find support btwn 6000-5400 but stay bearish until 2019

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC may find support between 6000 & 5400 and bounce back to 11000 briefly but stay bearish until the beginning of 2019 overall.
Hi, can you please help me understand how you came to the conclusion of how we will bounce to 11k and stay bearish until 2019?
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gpuri Asma7assan
@Asma7assan, Similar pattern was formed starting the end of 2013. Bounce back may happen after it hits the support levels. But it will still stay bearish in the overall trend until the beginning of 2019.
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What's your reasoning for 2019? It might be correct, but why do you say 8 months away?
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gpuri AtomAnt
@AtomAnt, Similar pattern was formed starting the end of 2013.
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