Bitcoin Forum
September 25, 2018, 10:22:15 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: BTC slumps again, is it heading for 6K or lower prices?  (Read 238 times)
exstasie
Hero Member
*****
Offline Offline

Activity: 938
Merit: 541


View Profile
March 17, 2018, 09:05:37 PM
 #41

I've been speculating on this pattern, a falling wedge. It's still valid for now. It's got nice 5-wave form and a typical throwover below the lower trend line. The upper bound stands in the $8,700s right at a horizontal resistance level.

Bears really smacked this thing down. Ouch. The pitchfork mentioned here is holding on for dear life. And this falling wedge is teetering on the edge:



If bulls are going to make a stand, this would be the time.

It is possible that it will happen. From the beginning of the year, the price actually falls only. It is known, the price of bitcoin varies very much but now there are no strong signals to rebound.

I hate to say it. But if the mid-$7,000s fail to hold and we return to $6,000 and beyond, this really starts to look like 2011.

Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!