H&S, bearish flag or double top - We are going down - BTC
Whether you see a H&S pattern or double top pattern or the bearish flag, it doesn't matter, it seems we are going down. There was a tiny hope with the small bullish flag, but it couldn't gather much strength to go up to the sky.
FUD's are spreading around like, Goldman Sachs' prediction, Mt. Gox trustee is going to drop thousands of more BTC to market, governments are gonna take action against BTC during G20 etc. H&S, double top and bearish flag all point the same direction and the same target. 6k is coming if bulls don't have enough courage to take action and I believe they won't. Because I smell the fear in the air, and it's likely that bulls also are going to take lower positions.
FUD's are spreading around like, Goldman Sachs' prediction, Mt. Gox trustee is going to drop thousands of more BTC to market, governments are gonna take action against BTC during G20 etc. H&S, double top and bearish flag all point the same direction and the same target. 6k is coming if bulls don't have enough courage to take action and I believe they won't. Because I smell the fear in the air, and it's likely that bulls also are going to take lower positions.
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