BTC looks set to drop like it did in July 2017
(see left circled area) vs (current circled area.) -- both bear flags.
The MacD in 2017 did a loop down and then met in the middle, then did another loop down --- current setup on the line looks similar.
The RSI is at the same height it was in 2017 when it did the same thing. Last time it came up a bit from the bottom before the line also.
I think there is a very strong chance we are going to see BTC take another leg down somewhere around the white line on the chart at maybe 24%
(see left circled area) vs (current circled area.) -- both bear flags.
The MacD in 2017 did a loop down and then met in the middle, then did another loop down --- current setup on the line looks similar.
The RSI is at the same height it was in 2017 when it did the same thing. Last time it came up a bit from the bottom before the line also.
I think there is a very strong chance we are going to see BTC take another leg down somewhere around the white line on the chart at maybe 24%
