Price failed to take out more recent daily highs ( green line ) and we can see a trend line that has formed, now if we see todays daily candle close below such a well respected TL we could see price fall further.
And we think this will happen because we believe the economy is slowing down, weakening ready for a recession so prepare yourselves, sell your house...
Bit of an alternative analysis here, but how many fucking times have we seen people charting price action eh.
Looking at MACD we get some fairly resounding information here which help us predict some possible future price movements.
We can see our moving averages have have respected our fib levels and are converging just perfectly in time here on our daily...
since BTC rekt was just fomo on BCH, you can omit it.
so.. now it like to rekt hard i guess..
it's insane to go up forever..
but you know it's btc, it can fucks all TA posible
Fractals and what not
No idea whatamdoing
#BTCdontfuckthisup
Another possibility is deflating the bubble and waiting till 2018 for the next bull market on this thing
