Looks like we are coming to an important test to see if this was a "dip" or something bigger. If the NASDAQ completes a head and shoulders pattern and breaks the neckline, we could see some real movement to the downside.
Thoughts?
As much as I would like this rally to keep going, we can't ignore the charts.The momentum build up that pushed against the 20k resistance sent the price way up and it looks to be little over extended and I expect we see a retest of the bottom of the channel. That channel bottom looks to coincide with the 20k mark and if it proves to be support would be a good...
The chart above shows every time BTC dropped by 30% OR MORE in 2017
In my opinion we are midway through this bull market cycle and things look to be similar to the START of 2017. And look how many times the price dropped by 30% or more. The graphics card cycle appears to be somewhat correlated with the price increases. In 2016 the gtx 1080 was released and then...
