Hello so this is the same chart I have been drawing for 6 months, but using bitstamp instead of bitfinex (for obvious reasons).
So we haven't broke trough on this one. We just have to wait.
So we haven't broke trough on this one. We just have to wait.
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This is drawn taking into account stuff that is not shown on the left side. But obviously nothing is totally accurate, so the 24th of October can be considered the day of the retest.
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"People" are apparently sill shorting BTC on bitfinex. Probably the exchange does it itself or these people are really stupid.
BTC has started to go down which might push the retest as far back as late October.
But end of October is the absolute limit.
BTC has started to go down which might push the retest as far back as late October.
But end of October is the absolute limit.
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Resistance is being tested again. Earlier than I thought. It is probably because the price usually fluctuates without issues between the current value and the bottom of the triangle. There is probably very little room for the price to go down during a retest.
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This bear market was always about this resistance line that could have been drawn more than 6 months ago. Amazing.
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By the way, I once again made accurate price and time prediction (24th)!