UnknownUnicorn1495183

Bitcoin vs Gold's Crash Pattern of the 2010's

Short
BITSTAMP:BTCUSD   Bitcoin
This pattern seems to match up very well. As you can see the first pattern consists of a wedge (white lines) followed by curved resistance (bullish), followed by upward curved support then concluded with a final kick back and a distribution pattern. If Bitcoin continues to follow Gold's crash pattern of the 2010s, we should expect significant price action to the downside over the next few months.

Comment:
This idea will be invalidated if we can find a way to break through the blue resistance line in the chart below....

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