From what we have seen today, bitcoin drop quite sharply and there can be a possibility of bitcoin breakdown side of the rising wedge pattern. Where the possibility is that after breaking down the pattern, it will try to retest the fib 78.60% and drop with a possible of 30% which there is a strong support at 600.000.000.
After the issue bitcoin will be bearish due to the double top, it looks like it didn't happen. In this time btcidr raises a buy signal againbecause there is a pennant pattern, look for your buying point from now.
Eleven more weeks till the end of the year.
1. With the recent pump, the cycle should restart to a new cycle, but we can see it making another high, we will wait for confirmation.
2. Still calling last bottom since months ago is $5700 - $5800
3. Big money accumulating offline, they are not buy in the market because it affects the price.
4. Play safe,...
Please see my previous post about BTC/USD but this one has the full WXYXZ correction and is in IDR. I expect price to remain above 81juta before finding support.
Good luck and time will tell.
