miguelsique

watch out, possible falling knife

BITSTAMP:BTCUSD   Bitcoin
BTC has been looking unstable to me for the past few days after the false breakout. It is one of the reasons why I have not taken a position just yet. In my previous analysis I expected BTC to continue from 65000 up to 72000 after. unfortantely since price could not hold price range it formed what i see a triple top. If I am correct and we do see a reversal, I am expecting BTC to soon see 42000 before we can even continue to move on higher. Lately I have been noticing when ever DOGECOIN makes a big run up a few days after the whole cryptomarket takes a correctoin. But correlation does not mean causation.
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