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magnusmajorfx
Nov 17, 2020 11:36 AM

WARNING: Bitcoin to drop 20-30% Imminently 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is in an ascending triangle, creating a perfect middle pattern disguised as a bullflag in an extension channel. Price might barely pierce 17k-17.2k and drop like a brick to 12k-14k. Fear & Greed is at an extreme high as well, and we haven't had a red week in a long time. The market is way overheated and I recommend you to be very cautious. Longs will be squeezed and the drop will likely be rapid.

I predicted a similar drop the last time we were at 12k+ when it dropped barely below 10k. Situation seems to be very similar.

Analysis done mostly for my own reference.
Comments
UnknownUnicorn7080344
Fake news. You're gonna get rekt.
etradcl
Not too soon
Tau_22
Yeah it needs reply to settle and then go to the moon
Kiduy13
LOL
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