The chart says everything.
I'm looking for a breakout to the upside very soon - today or tomorrow it must happen. there is a very big support over 3500$-3600$ area.
this is very bullish pattern and i think all the china panic issue has just put BTC to the sideways after the big crash.
something interesting that i'v found: in the whole history bitcoin has been...
The tittle says all. looks like BTC is forming an Inverse Head & Shoulders Pattern, just like in in 16\7\18 when it dumped to 1800$ and formed this pattern as well.
Right now we touched the 50% Fib extension, RSI was 22 which is very low, indicating an UP move.
the price is OVERSOLD!!!
Time to get this stupid panic OVER!!!
We are scared from FAKE news? politics...
It really looks like BTC is trying to form inverse Head & Shoulders pattern.
It reached 61.8% Fibonnaci extension, and now it might re-test the 38.20 Fib which is around 4375$, and then goes up again to 5000$
What do you think? :)
After Bitcoin rejected 5000$, it looks like it's starting a very big correction to the lowers levels.
just like in the history - From 2980$ > to 1800$. It didn't re-test this levels yet, and it has to do it before going above 5000$ to 7000$ and 10,000$
If you look at fibonnaci - 50% level is exactly the 3400$ Support, and i won't be surprised if the price will do...