Hi there. I have read some popular threads about BTC
patterns here on TV. People say that bitcoin
is forming symmetrical triangular and it will go bullish
up to 1.618 fib which is at around 15k
. What I want to say is that, if BTC
is forming symmetrical triangular it is going to dip, Why? because in my knowledge symmetrical triangular in downtrend means bearish
price action and taking fibs from All time high, 1.618 is right at the support which is at 4.5k. Anyway I did this research only for entertainment and personally I do not believe that this is going to happen, I'm positive in BTC
and still see 50k this year. Learning new things everyday and people having smart advices or who want to share their ideas feel free to comment.
Its just my opinion, don't take it to serious.
This is not financial advice nor a fact that this pattern is going to happen.
(If it would, I would drink till I'd be dead)