Bitcoin is unpredictable most of the time, we cannot deny it. But, we have TWO trendlines (assuming they are valid and stay intact) hinting that more downside is coming!? Maybe it's a coincidence, or maybe we are just wrong. Only time can tell.
P.S. Not a trading advice. For educational purposes only. Just an idea, nothing special *_^
We are closely monitoring Gold as it is flirting with the $1420-22 region. We see it preparing for a meltdown as shown in the chart above.
Do you agree with us? Or do you have a different opinion?
P.S. POTUS unpredictable tweets can change all of this. But, until then, we'll stick to our analysis.