rising wedge indicates we soon go down to re-test the lows?
BTC path down to 6k again to re-test bottom and imo will break Down
Back test to see if we have enough support to test higher levels. I remain a bear to atleast 5k.
We will see new ATH in 2019/2020. Metal premiums will shoot up, so you might as well buy metals now and be sure you can buy some.
wedge predictions
Seems like the ascending wedge is breaking down
Another ascending triangle in play
We are going to 5k euro on sunday-evening
So much gains in 1 year...have we seen the bottom or do we go down further?
1. BTC in rising wedge 2. BTC in overall downtrend 3. BTC under all moving averages 4. BTC just had a death cross 5. Most sentiment is bearish 6. An upmove is taking too long by now
A bear-trend does not end at this point of the cycle. We need to drop hard and fast going from fear to capitulation. Then we will see sideway movement before the bulls come back to see ATH by the 3rd or 4th quarter of 2019.
History rhymes with 2008
Can anybody tell me why THIS time is different? We now have a 5 months mirror of 2014...should say something about the pattern?
Short term we go down to re-test the lows on lack of volume aka interest. My bet is as of tomorrow when consensus ends (temporary hype). My best guess is we go down to 5k mid-term.
before we go up further....its healhty to test the lows again.
Is it a coincidence BTC formed a triangle pattern that seems to show us going down to 1300's?
I would not be surprised to see 4k usd btc in the next few weeks
Going down and we will see 4400euro/5000usd area and re-evaluate from there.