As I have analyzed before, the price will fall down again! From Feb 6 to Feb 20, it created a new high, and it went down for a bit and up again on March 5th! Creating a double top!
Looking at it from a bigger picture which includes the bubble from December 2017, the pattern created a descending triangle(red lines). It has tried to break the upper line once but did not sustain.
I can see the price dropping to the low 6k or high 5k. However, if it continues to follow the downward channel(black lines), we can see the price of BTC drop to as low as 2-3k.
My fiat is lock and loaded at my respective exchange CAD/BTC exchange. I will enter once I see a confirmed candle sitting on a resistance level which I mentioned above.
Stay tuned my fellow traders! LEt's get wealthy together!!
Looking at it from a bigger picture which includes the bubble from December 2017, the pattern created a descending triangle(red lines). It has tried to break the upper line once but did not sustain.
I can see the price dropping to the low 6k or high 5k. However, if it continues to follow the downward channel(black lines), we can see the price of BTC drop to as low as 2-3k.
My fiat is lock and loaded at my respective exchange CAD/BTC exchange. I will enter once I see a confirmed candle sitting on a resistance level which I mentioned above.
Stay tuned my fellow traders! LEt's get wealthy together!!