Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
all I see right now
is a 6-months long cup and handle formation
How about double top with the lower second peak?is a 6-months long cup and handle formation
Is this a sole "contrarian view", or are there more who expect a proper correction right now?
I think the price doubled because of the halving, and it's not going back down because the miners don't have as many coins to dump. There have been double tops without corrections, and cups without handles. Chart formations don't always work, unless somebody has coins to dump the price isn't going back down.
I hope so. I think these price increases are great for bitcoin. I hope it keeps going up and I keep making money!!!
