The bitcoin cash debate is dragging everything down, and ethereum has its own hacks to manage. This is probably a conservative estimate, and i expect lower prices still.
symmetrical pennant broke down before touching the bottom to confirm, now on a heavy dump and testing resistance/fib levels.
I will update as I see fit. Don'tcatch any knives yet.
We're back on top of the bearish trendline for BTC with a target of 1430 levels. If you didn't get in before now, the risk is tremendously high for the reward, though I do expect sideways movement before any downtrend.
We have here the current bearish trendline, the fib levels for the 6 month run. As you can see the bullish channel is no longer in effect, and we are in a bear market, noted by the downward trendline. Today's surprise EEA3 news produced a news shockwave, on top of a recovery, causing massive buying pressure.
We shall see if one of these candles can break this...