I just want to get all my followers a quick update. I expect one more drop!
We just did go up in a rising wedge on the 15 min chart. And at the moment speaking we dropped below the support.
Target is around 8.5k usd!
We just did go up in a rising wedge on the 15 min chart. And at the moment speaking we dropped below the support.
Target is around 8.5k usd!
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We could test the resistance one more time before going down.
We could test the resistance one more time before going down.
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Im travelling atm so I can update. But there is a potential head- shoulder on the 15m chart!
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One more thing. A head-shoulder is only valid when it dropped below the neckline. But we have two clear signs:
- volume is declining;
- we dropped below the rising wedge.
But we should keep in mind, that the head shoulder pattern is only valid when we dropped below the neckline at 10.750 usd on bitfinex.
We have a big alt-rush this days. This makes the bitcoin less interesting what in my opinion can cause a drop in btc price, what will make the alt-coins also drops.
- volume is declining;
- we dropped below the rising wedge.
But we should keep in mind, that the head shoulder pattern is only valid when we dropped below the neckline at 10.750 usd on bitfinex.
We have a big alt-rush this days. This makes the bitcoin less interesting what in my opinion can cause a drop in btc price, what will make the alt-coins also drops.
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The chart still follows our idea.