Gibmoses

LONG [BTC/USD] Inverse C&H formation? Bitcoin DROPPING to $5,000

Long
Gibmoses Updated   
BITSTAMP:BTCUSD   Bitcoin
The question now is: Is Bitcoin 6.04% forming an inverse Cup & Handle?

According to my analysis after breaking Target 1 @12K~ we might be seeing a big price drop. This Cup & handle has been forming for the past few months.


Let me know what you guys think.
Trade active:
Prediction was bang on!
Keep in mind if BTC price drops below $5900, expect another downtrend to $~5,000~ levels (~%10-%20)

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