itradearn

Bitcoin BTCUSD Forecast - The Inevitable is Here!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Chart shows a downtrend and although BTC is fighting to keep the price up, the momentum and pressure is inevitably driving the price further down. Spotted a possible Gartley Pattern in 4 hour chart and I believe it will drop to $9,000.

Events:

CME's first Bitcoin contracts will expire 26 January 2018.

This is not an investment advice, always do your own research.
Trade closed manually: BTC did not go below $10k but is rather moving sideways following CME contract expiry.

Consolidation seems to be the case.
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