Bitcoin / TetherUSShort
Bitcoin goes down the ladder to the floor
I was tempted to analyze the behavior of #BTC since reaching its peak. As you can see, each downward wave began with increases, adopting a flag formation. Each subsequent formation has been smaller and smaller, the declines are also % decreasing, although they have been sharpening within 40-28% on each wave.
At the present moment, a similar formation is forming, obviously much smaller than the previous ones. The reasons for this are fewer and smaller movements, less capital, general languor, waiting for a bottom?-it's hard to say. Nevertheless, we can assume that the flag currently forming will end the same as the previous ones. The range ? Taking the previous analogy 25-30%, which gives us a level of about 12K. Will this be the bottom? We do not know, there we can again observe a similar movement and again a descent.
At the present moment, a similar formation is forming, obviously much smaller than the previous ones. The reasons for this are fewer and smaller movements, less capital, general languor, waiting for a bottom?-it's hard to say. Nevertheless, we can assume that the flag currently forming will end the same as the previous ones. The range ? Taking the previous analogy 25-30%, which gives us a level of about 12K. Will this be the bottom? We do not know, there we can again observe a similar movement and again a descent.
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