Will Bitcoin fall even lower?steemCreated with Sketch.

in #bitcoin • 7 years ago

As I pointed out in my previous post, Bitcoin appears to have formed a head and shoulders pattern which may be signaling lower prices.

Screen Shot 2018-01-21 at 12.02.58 PM.png

Price seems to have pulled back to the neckline for one last "kiss goodbye" and is now starting to move lower. A convincing break below $10k will confirm this pattern.

If you have any thoughts or questions about this wave count or elliott wave in general, please post them in the comments.

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I am not a financial advisor. Be sure to do your own research.

#cryptocurrency #technical-analysis #trading
7 years ago in #bitcoin by
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