BTC Tea Leaves Reading 07.05.2018 10:40 UTC

in #bitcoin7 years ago

Long term prediction

This is a one big scary bearish triangle, BUT I DON'T think it will break downwards.

I think it will "almost" fail, what I mean by that is that after E we'll see more of a slowly diminishing bounces which in the end will essentially create a sideways nearly flat line for a while. Price will slowly get eroded to at most 6k level if even that low.

This will continue until September or October until the next big movements which is quite typical.

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