travelstyles

Bitcoin down a lot within 48h?

COINBASE:BTCUSD   Bitcoin
Bitcoin exited the parobola that it was following past month(s). After trying to re-enter in continues downwards. It seems to be forming a head-and-shoulders pattern. Right now seemingly a double top is forming for the right shoulder which means downwards movement. I also fitted a curve to the Bitcoin graph. From that it seems that possibly Bitcoin could go down to 20k within 48h? I feel like a serious panic sell has yet to come ... . The RSI on the weekly chart still has to drop a lot this week

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.