Bearish Continuation for BTC/USD below 3000 USD - Medium Term
Updated
Looking at the BTC/USD chart on a 2-3 months scale we can see consolidation in a bearish wedge / sym, triangle formation within 2 major trend lines. I expect this formation to finally break out to the lows (bearish continuation pattern). The local Maxima / Minima within the formation are timely spaced approximately within 1 month intervals.
So I expect the next local maximum to appear around 24th of January. Price height around 4000 USD.
Then maybe price decrease in Feb. to 1500-2500 USD/BTC, what many speculate...
Cross fingers, cheers
So I expect the next local maximum to appear around 24th of January. Price height around 4000 USD.
Then maybe price decrease in Feb. to 1500-2500 USD/BTC, what many speculate...
Cross fingers, cheers
Note
Forget about the next local Maximum...It seems the break is already there. Next stop 2500 USD ??
cheers
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