Longer Term Outlook At Bitcoin | 14th of May, 2018 | BTCUSD

In my last post I shared what I saw in the charts. I also gave some reasons why I think the big correction that started in December isn't over yet.

My opinion is still the same.

The day after I posted this, there was an 11% drop in price.
This didn't change the overall structure. It just changed the structure on a smaller scale from a Running Flat to an Expanding Flat.

I still see the price of Bitcoin breaking the $11,788 top and then breaking the $6000 bottom.

Of course I could be wrong.

Joël

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To find out why this is what I see in the charts, check out Anil Mangal's Youtube channel.

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