it seems everything is looking very bullish with btc at the moment. Therefore let me put out something obvious and probably all of you already saw it. according to my little experience of 3 years in the industry as a investor, it plays out pretty much all the time. what do you guys think about this head and shoulder pattern?
i think this is very strong support line where btc could fall to and bounce for next move upwards. we all see the gold etf moves it made at the time of its launch and gold, btc moves are pretty identical as i see it. small correction is completely normal, and it will be good place where we could loud up for the big moves to come. what do you guys think?
i guess it is not a very big issue, i think we are all confident that we are in a big bull run for the next coming years. it is just a little correction we are facing before we make big big moves to the up. in my humble opinion we could fall to upper 30's and may be mid 30's for this correction.
this could be happening in near future, we will hit the resistance once again. since the eft could come true in just few days, i can not see any bearish sentiment hitting us.
