Bitcoin - bearish - Short Term
Updated
This is the trend that will close the month of October, based on price-correction after bitcoin broke the $6000 resistance. Also, as an extension of the parabolic pattern, that should skyrocket bitcoin to break $7000 high during the fork in mid November.
Comment
The parabolic pattern was mentioned by other traders as well, and it is as follows:chartpattern.com/images/graphics/parabolic_curve.gif
Note that base 4 is creating the short term bearish trend, since it has to pull back to get more bulls on board before the ultime skyrocket.
Comment
it broke the pattern then broke major resistance at 5800, which means it will continue going up today to the next psychological resistance 6000.
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