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CoinMajesty
16. Jan. 2018 20:10

Bitcoin - Descending Reversal Triangle Pattern Short

Bitcoin / U.S. dollarBitstamp

Beschreibung

Easy to spot triangle pattern. I think we could see a bounce now but it will eventually go down and crash hard. I expect the bounce at the lower bottom around 8200 - 9500.

If it successfully bounces now I doubt it will surpass 13500. Use that bounce to get out of the market. Don't be one of the ones left holding the bag!

Like the idea to get updates!

:)

Trade ist aktiv

If BTC manages to break up that resistance line we are probably going to see a nice bounce coming.

Trade ist aktiv

BTC wasn't able to break the line. I think the next successful attempt will be around 8200.

Kommentar

Bitcoin is still very bearish. Will drop once more.

Kommentar

BTCUSD creating a megaphone pattern.

Kommentare
mycotoxin
why we can see 2k ?


mycotoxin
Coinmajesty help me out here .. why are we showing a 2K price mark for BTC ?

mycotoxin
looking like a bulltrap
AgustinStoll
@CoinMajesty any updates on the megaphone pattern?
mycotoxin
I hope you are right but that pattern looks like its going to hit 8k
ThankUKind
Are you thinking its buy time or wait it out longer here?
TomWhitbread
Please do analysis on a larger daily timeframe would like to see your input
GratefulBreath
Appreciate the analysis. Your view is that after the bounce BTC peaks at $13,500 and never gets higher in coming 6-12 mo?
GratefulBreath
i.e. that it's a bear market from here.
CoinMajesty
@rahmin, just updated. Bounce should be around 8200.
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