A simple answer to how far BTCUSD will fall
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Using a simple lesson in pattern recognition to estimate trend change in BTCUSD
The chart shows a clearly labelled bear flag: a structure obtained by a bearish move down separated by a period of consolidation.
It’s targeted move is it’s pole extrapolated from the breakdown of the consolidation period.
Hopefully, nothing controversial here:). But sure, if you have any comments or questions you’ll like answered don’t hesitate to ask.
…if I have the “correct” answers I’ll be sure to engage.
