BTC dropped today with 400$, it's painful but it doesn't matter in the long term.
Because of this drop I think a head and shoulders pattern is being formed. It's quite easy to spot if you look at the graph.
If I'm right we will see BTC drop further during the next few days towards $6200 and after that go up towards $6750 and hopefully break-out (target: $7000 minimum). All of this will happen within en period of 14 days.
I'm pretty new to the crypto world and analysing graphs so if you think I made some mistakes, please let me know!
disclaimer: all of this is just my opinion so do not consider my opinion as financial advice.
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Hello guys,
It turned out I was right, i am now very confident that we are seeing a head and shoulders.