Short

Updated

BTC/USD Short

This is another observation. Only a quick TA on the 1 Day chart for BTC

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There will be quite a few buy and sell opportunities in between now and the predicted drop. I'm forecasting that BTC may return to around 8,500 over the next 4 months.
I don't believe we will have a new ATH before then.
Please let me know what you think will happen in the comments.

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If you have BTC and are worried about the fall I wouldn't sell until it reaches 17,800 - 18,200.

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Ok. Sorry for all the comments. But, Down she goes

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If you have BTC and want to cash out. I recommend trying to sell around 16,300.
Up to you if you take my advice. I could be wrong. Here is the TA

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Price dropped lower than anticipated on the first wave so I have moved my sell position down.

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Bitcoin may return up to 17,500 area from here before the big drop.

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BTC Has made a series of inverted cup and handles as it progresses down. If it completes this head and shoulders I believe this will be a large drop to around 13,000 area.

I am noticing patterns and sharing my ideas to get feedback. Not as advice. Thanks for any tips you have.

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By BTC... See you at 13,500 to see how you're going

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Here are a few of the ways you can confirm a down trend. The rules are opposite for an uptrend.

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Head and shoulders have so far failed to complete and BTC may have found support

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I don't know how this isn't being pointed out by everyone at the moment.
BTC is due for a pull back to it's overall trend line between 8,000 and 9,000

Gordonrmck

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Gordonrmck