Bitcoin: Have A Look At This Chart Pattern. By Gregory Mannarino
At the risk of being blamed for spreading FUD (lol), I would like to get a few opinions on the chart pattern below with regard to Bitcoin (circled in white).
THE CHART SHAPSHOT BELOW WAS TAKEN DIRECTLY FROM MY WEBSITE, AND CAN BE VIEWED RIGHT NOW BY CLICKING
HERE: https://www.traderschoice.net/
I am keeping my opinion out of this, there are a lot of very smart people who follow this blog.
So tell me..
What Do You Think?
Gregory Mannarino, "The Robin Hood Of Wall Street."
The chart is just one risk of Bitcoin. 80% of Mining is in China. China could destroy Bitcoin like this. Bitcoin is slow and expensive. Bitcoin is very risky. I don't see any long term value in Bitcoin. Nevertheless it could soar. Steemit or Ether or the much more better option.
Buying opportunities on the horizon :-)
Agreed! ...Salivating at the chance to get more cheap BTC!
I would not touch bitcoin and any other coin when we have steemit.
Because steem coin is the best.........
Upvoted and resteemed.
Thanks Greg.
I am the Great Cornholio! Would you like to see my portfolio? I have a portfolio in my bunghole, with my óleo!
If Bitcoin confirms double top it could drop below $12,000.00.
If that happens it automatically triggers head & shoulder pattern which would take us to $8,000.00.
Major drop is inevitable, crypto market needs to flush out all speculators. If there are more believers than speculators then crypto will hold $8,000.00 level otherwise prepare for crash.
Looks like head and shoulders:/
It is a head and shoulders. One that won't work tho... the measured move of what @marketreport shows in the post is approximately 7000 points. there is another H&S after the larger that should work tho. I however just posted on my blog this chart, http://tos.mx/lq1FTQ straight from my trading platform. I am not trying to drive attn to myself. Just don't want ya to think that this is a H&S pattern that will work :) Happy New Year!
Resteemed and Upvoted?
Thank you Robin Hood o Wall Street!
It is astonishing that the current currency is going down, how I saw your post, I miss you a lot, you have missed a lot of videos
Great post resteem sir...i also follow your information..thanks @marketreport
Resteemed an Upvoded Robin hood :)) graphic seems like risky...
What a head and shoulder pattern? FUD you! :)