Bitcoin Tumbling Down the Stairs
This probably won't be a fast drop at all. More like falling down the stairs... We might pause a couple of times thinking we have stopped, only to continue to snowball down. The FUD with Binance helped exacerbate what was already on the charts and forced this down action today.
Looking at fractals from 2014 it is hard to decide if the #1 and #2 are matching up or is the 2014 #2 = 2018 #1 ?
If it is the latter then I would expect to see a bump up from our current price levels, but I am more inclined to think we are matching the #1 and #2 and the only move left is to fall down some.
Price targets will be as low as $8,000 to $7,700.
Looking at fractals from 2014 it is hard to decide if the #1 and #2 are matching up or is the 2014 #2 = 2018 #1 ?
If it is the latter then I would expect to see a bump up from our current price levels, but I am more inclined to think we are matching the #1 and #2 and the only move left is to fall down some.
Price targets will be as low as $8,000 to $7,700.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.