Blue line = neckline Green line = double bottom line There was a fake breakout. And now it looks like bitcoin is heading for a triple bottom pattern. And it's almost 16:00 (UTC time), is bitcoin being dumped again?
I expect the bitcoin is going down to the 8400 - 8600 levels before it's trying to break out the neckline again (third time lucky?).
(this is just my trading idea and NOT a financial advise)
i think this is possible, but we should keep close atention, if we break 8400 price we might be heading to 6 - 7.5k
tdk88
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@luigi212, Totally agree for keeping close attention. In my opinion we won't go much lower than 8400 because the fundamentals are not so bad as 2 months ago.