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CrazyLarry

BTC will drop again.

Short
Bitcoin (BITSTAMP:BTCUSD)  
CrazyLarry Updated   
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns BTCUSD
17
2
chartpattern btcusd
Bitcoin hasn't had a good pullback and retest at the $51,500 since its massive push up.

If it want's to keep climbing it will need to pull back for healthy higher highs.
Comment:
The Fall down hasn't been as drastic as I expected. It is starting to form an upside down Cup pattern. This means we should be able to expect an even lower fall than originally estimated. Keep an Eye out for it to fall anywhere between $47k to $50K.

Then look out for a handle to be attached to that upside down cup which is bad news for BTC, since it indicates an even further drop.
Comment:
wow, how My update was wrong. (did I mention I am not a financial adviser?)

The breakout this morning indicates that it is heading to $57k, The bulls have rallied, Hazah!
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