Oh boy, what a ride it's been! Bitcoin took us on a fast rollercoaster up and down today. We're just at the edge of the final drop. Just look at this beautiful inverted cup with a handle. If I'm not mistaken, the target is around 5k. I wish you all a successful shorts. I'm off to get some popcorn....
Oh, this is not investment advice.
Oh, this is not investment advice.
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It appears that bitcoin is just completing a re-test of this huge formation.
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It seems that the December upward price movement was not a proper retest, but only a partial rebound. All indications are that the real retest is taking place right now. I think the price will touch the upper line of the white downward channel, and then we will see a further sharp decline to the 13k level or lower.
