Hello friends, today I will have a look at the big dump of approximately 8% and what this means for the BTC price. THE GOLDEN POCKET This is the third time that the BTC-price has dumped after reaching the golden pocket (0.618-0.65 fib retracement lines) The last 2 times we saw a big dump after this happened. The first one was a dump of 37% , the second one was...
Hello everyone. This is my first ever post. I take a look at the weekly bitcoin chart and discuss why I think that the market will go down. BEARISH Signs -the chart bounced back of the 3-year resistance, which is usually followed by a big dump. - The stochastic indicator is overbought and you can see a similar pattern forming as the one right before the big...