BTCUSD formed symmetric triangle after we touched resistance line of the triangle we go down. Also BTCUSD formed falling wedge -reversal pattern. I think next week we will see Bitcoin correction
I completely agree. In fact, I've foreseen BTC going to the 2000's area, already quite a while ago.
This absolutely lines up with the longterm squareroot-function support, which BTC has been following since 2010:
The stability region lies around 2500 USD, similar to the stability region in 2015 at 250 USD.
But of course, flash crash below that region is possible, for a very short time to the upper 1xxx USD area. This will present the perfect buying opportunity imho.
Keep up the nice work and best regards,
Flavius
Bit_Bulls
⋅
Excellent analysis bro
TechnicalGurukul
⋅
What do u think?
PeacefulWarrior
⋅
Good one, bro.
Key levels by BTC here!
Cryptonite_trader
⋅
This is what im currently seeing
Cryptocure
⋅
Indeed seems like we are going to revisit that 3600-3800 range: