***I am not a charting expert.***
But I am a researcher and analytics professional outside of finance, and I see some consistent patterns in the data which you will be able to see as well. Those patterns have been fairly consistent since 20 February 2018 as the
BTCUSD
price has been falling. It may be that
BTCUSD
has reached the bottom because it appears these consistent repeating patterns were finally broken.
Conclusion: This is one of those times when the price becomes unpredictable.
Upside: This could be when the growth trends seen in 2017 resume.
Downside: I'm watching for a dip below $6,000 that holds before I am concerned about further declines. For the most part, the bears seem to struggle to keep the price below $7,000, but if
BTCUSD
holds for a few days below $6,000 I believe the data suggests further declines will continue.
About Me: Although I am not a price charting expert, I am a professional researcher and I follow blockchain and crypto price, culture, and news trends and write articles on my observations to share what I am learning.
***This is not trading advice***
But I am a researcher and analytics professional outside of finance, and I see some consistent patterns in the data which you will be able to see as well. Those patterns have been fairly consistent since 20 February 2018 as the
BTCUSD
price has been falling. It may be that
BTCUSD
has reached the bottom because it appears these consistent repeating patterns were finally broken. Conclusion: This is one of those times when the price becomes unpredictable.
Upside: This could be when the growth trends seen in 2017 resume.
Downside: I'm watching for a dip below $6,000 that holds before I am concerned about further declines. For the most part, the bears seem to struggle to keep the price below $7,000, but if
BTCUSD
holds for a few days below $6,000 I believe the data suggests further declines will continue. About Me: Although I am not a price charting expert, I am a professional researcher and I follow blockchain and crypto price, culture, and news trends and write articles on my observations to share what I am learning.
***This is not trading advice***
