Overall, I see BTC continuing down on its downward path. There was a distinct bear flag directly before the abrupt drop. Another one is forming very nicely right now. Can this be the next signal of a big drop???
Please give me any feedback that you have. I am still learning and would welcome any at all.
Bitcoin price trend doesn't really follow the real world stock market technical analysis techniques. So probably after two bear flags, bitcoin price may go up. Stock market is very much regulated and hence there is scope of technical analysis becoming true. But on the other hand, bitcoin market actually shows the free market behaviour and raw reflection of human sentiment which certainly doesn't go along with real world techniques.
That's actually a great point. FUDsters, FOMOers, SHILLers, and whales make all the difference in this market. They certainly got the best of me.
I'd give you sMerit if I had any.