After having my eyes "stuck" on the BTC/USD chart for a while, I am adventuring to predict that its price will fall to the range of $29500 to $28500 in the next 12 hours. This is marked by the red circle on the chart.
Where it goes afterwards is anyone's guess. Current time is about 23:00 GMT on Tuesday 26th of January.
This is no investing advice. I just try to "read" the charts for fun.
Cheers, T.R.
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Hi,
Price of $29500 reached about 3 Hours and 45 minutes later than estimated. Prediction was not perfect but I would say that was not bad either. :) I am not adventuring yet to say in which direction it will go from here.
I can definitely see this happening. Luckily, this move doesn't invalidate the bull flag trend continuation pattern. All of this depends on whether or not that last shoulder is created on the emerging head and shoulders pattern.
taur_raging
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@Sheriff_Zack, Thank you for your comment. I inded think that this will be the next move unless some whale troubles the BTC waters. I would like to be able to "see" further than the next move but for that I still have a lot to learn.