Bitcoin Important Line and Level

in #bitcoin6 years ago (edited)

Been shorting BTC successfully for sometime now - Many people think 6k is possible since we formed a DOUBLE top @ 11500 area creating a giant M pattern - The M pattern was confirmed WHEN BTC broke below the lowest valley between the two peaks - though we are looking for non greedy entry back in at 7450 - WE estimate that BTC has about a 60% chance to reach 6k FORMING double bottom - With the M chart it is somewhat common to see the right leg stretch as low as the left leg.

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For future viewers: price of bitcoin at the moment of posting is 7889.70USD

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