I do not like what I see in this chart and I am really wish to be proven wrong by the markets.
However, as it stands, it does look like BTC might be on it's way for a major drop in price.
I plotted both a TD Projection and a Head & Shoulder pattern on the chart, both figures are hinting at a very strong possibility for a drop in price to less than $20.000.
As a strong advocate and believer in this technology and it's social implications I do really wish to be wrong.
Please, tell me I am.
Thank you.
However, as it stands, it does look like BTC might be on it's way for a major drop in price.
I plotted both a TD Projection and a Head & Shoulder pattern on the chart, both figures are hinting at a very strong possibility for a drop in price to less than $20.000.
As a strong advocate and believer in this technology and it's social implications I do really wish to be wrong.
Please, tell me I am.
Thank you.