There's a storm brewing. Finally, the time is coming when we can see the great market crash.
This textbook example of a double top indicates its price has reached the stratospheric level.
It goes without saying this pattern also can be seen in Bitcoin last year. I hope nothing happens.
Cardano (ADA) price must return to the "absolute defense line" and the "absolute target level."
Otherwise, most investors will unlearn the expectation that this currency will continue to grow.
If the descending triangle continues for a month, perhaps Bitcoin price converges at less than 4,000 USD by the end of the year.
An interesting research can be found here.
www.technologyreview.com
According to the generalized Metcalfe’s Law, Bitcoin is significantly overvalued, even after the crash at the end of 2017.
“Our Metcalfe-based analysis indicates...
