BITCOIN, STEGOSAURUS pattern formed. Another huge drop pending?
Hey, fam, welcome on another analysis for the day. In fact, it's not much of an analysis, but rather a conspiracy theory. Looking at the Bitcoin chart, we can clearly see that the market is bearish, or should I say dinosauirish for the moment. As it can be inferred from the chart, the price is forming another Stegosaurus reversal pattern. The last time a Stegosaurus pattern was formed, the price dropped massively and could not recover for weeks or even months.
The question is, will we get to see another huge drop? Is another Chicxulub impactor dropping from the sky to erase the dinosaurs from the face of Earth?
Well, time will tell. Let's just be patient and enjoy the process!
QUICK NOTE: The idea posted is for entertainment purposes only! We all need some fun and laugh sometimes, right? So, please do not treat it as financial advice and make conclusions out of it!
We are wishing you all a happy trading week!
The question is, will we get to see another huge drop? Is another Chicxulub impactor dropping from the sky to erase the dinosaurs from the face of Earth?
Well, time will tell. Let's just be patient and enjoy the process!
QUICK NOTE: The idea posted is for entertainment purposes only! We all need some fun and laugh sometimes, right? So, please do not treat it as financial advice and make conclusions out of it!
We are wishing you all a happy trading week!