BTC over cliff or another joker out of hat?
I published BTC chart some weeks ago when I suggested the fall to $6000 or even below that ($4000). I still stand behind this call. I think 2018 will be a lot different for BTC than it was now. I also think we will see replacement on No. 1 spot among highest valued coins based on market cap - but this is another a story for some other post.
BTC price is standing on last support zone (yellow). I marked well known Head & Shoulders pattern (red). It’s a bad sign for all BTC holders. If BTC breaks down from here, the potential for reaching my target at $6000 increases a lot. Let’s see how things roll from here one. BTC made a lot of reversals and might put one joker from here also. But I'm not in and I'm not long on this one.
BTC price is standing on last support zone (yellow). I marked well known Head & Shoulders pattern (red). It’s a bad sign for all BTC holders. If BTC breaks down from here, the potential for reaching my target at $6000 increases a lot. Let’s see how things roll from here one. BTC made a lot of reversals and might put one joker from here also. But I'm not in and I'm not long on this one.
Comment:
Call from 30 DEC 2017 still stands.
Comment:
I was just checking my posts...and look at this...call from DEC 2017 -> $6000 like stated.
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$4000 in play finaly :). It took a while to get here, but the formation started to roll out in DEC 2017 when I published this. At that time it was almost impossible, but as we know, history repets. Bubble burst is now in final mode. We could potentialy go to $3000 in this massive selloff and only then look for long term buys.