I have drawn two descending triangles from the December 2017 bitcoin high: one engulfing wicks and tails, and one only engulfing the candle bodies. If true, bitcoin might be in a multi-year bear market, with a final breakdown to the $1000 area—the ultimate capitulation. Your thoughts?
This is my prediction for BCH longterm. Crypto currencies run in a fractal pattern (BTC to $180, then correction to $80, bull-run to $1000 in late 2013, correction until summer 2016, then to $7800 a few days ago - rinse and repeat). The same goes for BCH, but un steroids.
I was very fortunate to have bought BCH in the $300-$320 area, and have sold off almost 90% of them at different targets yesterday and during this day.
I believe that we will slowly retrace aka "parachute down" to $350-$400 over the next several days. Then, another up-wave will begin: either this is an AB=CD harmonics, which will bring us to the $600 area - or...
