Bitcoin curve looks as if a Head and Shoulders (bearish) pattern with a resistance around the 4500 level could be forming. If so, it could fall back again to the 3000 level.
When it falls through the 3000 level, a Head and Shoulders pattern on an even higher level could be formed, going all the way down to the 2013 ATH, with the 3000 level becoming a new resistance like the 4500 level now.
you really think it going down that far again?
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It's possible if the scenario from 2014 repeats itself and bitcoin wants to test the latest ATH before the one of this year, before moving on.
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if it fall again then what about your predictions i really wanted it to reach 5K mark
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I want it to fall down, so that I can finally sell some bitconnect stuff in stead of reinvesting all the time.
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oh so you are also in that bit connect stuff !!
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Who isn't. Although there are better and much faster alternatives these days. :-)
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you were only posting about the scams so i thought you didn't like these kind of stuffs haha anyways would love to know the alternatives if there are some super cool :)
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I don't think Bitconnect is a scam. And for the alternatives, just watch my last post and the ones that will follow after it. :-)
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@pagandance,
Great analysis! Let's see how things going on!
Cheers~
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Looks like 'head and shoulders' is gone again. BTC back on the way up to 5000?
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Mmm if that would happen i would buy myself some btc :)
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Great analysis, what else do you think we need to see aside the head and shoulder formation to confirm we are set for a bearish trend?
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I wouldn't know. I know not enough of what's going on behind bitcoin's trends. But 2 hardforks are coming. Maybe this is enough to trigger it?
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Great analysis @pagandance nice post.thanks for you update of news bitcoin.
thanks for share.
upvoted.
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