Two Patterns, One Coin: Is Bitcoin Currently Bearish Or Bullish?

The reason for such skepticism, is the fact that these predictions only work to increase probabilities, and the practice never a perfect process.

And it also comes from chart patterns that can change shape even when Bitcoin is at first behaving as expected.

The problem is, is that the pattern has since morphed into a now bearish pattern and is looking worse as time passes by.

Although the signal has appeared, Bitcoin is now much higher than when it first reared its ugly head.

While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.

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