For me it is showing a clear head and shoulders pattern. This would indicate a continued bearish trend. The blue line shows head to shoulder line price movement which should give price target for the drop - marked by the grey horizontal area. Bottom line is that the floor is sub $3
You know the drill here. Enjoy the ride down!!! Just the musings of a madman, not financial advice and certainly don’t act on what I suggested!!
Only for interest and not advice. Low target if you believe this...! Could we really see BTC back down at $21k in the next 6 months?!
Info only, not advice Double top pattern has formed. Likely to drop through first level of support. It will then retest this level and confirm as resistance o support last that level. Once broken through, likely to bounce on 0.618 level and then drop to the next level of resistance at 92.
Info only, not advice Social arb play from Dumb Money. Thesis based on TAP linking up with Dwayne Johnson to distribute his new energy drink ZOA as well as Topo Chico in the US. No trending on the chart, one to watch for the next few months to see how this plays out. Stop set under lower lows as protection