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RE: Why I don't think Bitcoin will go below 3k in the next three months

in #bitcoin6 years ago

I think Btc might fall a little bit lower than 3000$, based on TA If we take a look at the 4h - not really any bullish momentum at all. Everything points in the direction that we will go lower and make my 5th Wave Ending Diagonal in one move.

We also have a Head and Shoulder formation which point in this direction - more of a continuation pattern. Normally they are more valid in reversals.

I cannot see us go up - if whales see opportunity to kill some short then be it.
you can read it in my blog about it.
any updateed opinion about it?
cheers.