RE: Bitcoin (BTC) Morning Update: Regular Flat (3,3,5) Correction

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Bitcoin (BTC) Morning Update: Regular Flat (3,3,5) Correction

in bitcoin •  7 years ago 

Ah yes - the whole world looks at a massive H&S, and even after an almost 50% retracement, many decide to go short and then sit there perplexed as their sure thing turns sour. A rising price eventually drives them to cover. Watch the squeeze!

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There goes the short term downtrend line, but I'd expect the price the rise faster when the next downtrend line is broken at around $15K.