BTC Weekly chart

7 באוק׳ 2019

This is weekly BTC chart and i have pointed out the import ans of the middle RED colored pitch Fork line. In the past when ever we went below n closed the weekly candle below it we saw massive drop off. First was 12 June 2017 A drop of 40% from 3000$ to 1800$ second we saw on 8th nov 2018 where we dropped from 6400 to 3100 over 50% and we are on the 3rd drop off zone now. What i have seen is this drop below the red line usually lasts for 35days last drop it was for 35 days on 2017 and on 2018 also it was around 35 days at present we are about 25% below red line while typing this. if we go by the previous drop 40% would land us around 6200$ and 50% around 5200$ and by the 35 days cycle i see on the previous drop it comes up to 20 oct 2019 . Hope this helps u all.