Using the classic 10/21 EMA crosses once again, we can see that when it starts to rain, it certainly pours. If this continues downward, will it take a 40-50% price hit like before? Someone better phone the bulls and tell them to wake up or it certainly will.
From another perspective I came to a very similar conclusion. I give it a good probability. It's one of the most realistic szenarios. If you use former data, you'll see that this even coincides with ancient price movements.
DrewR
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I agree. After all, bitcoin is very systematic; perhaps, so are its movements.
Compare with the LTC/BTC chart. However, this chart is not as detailed with time frame and prices. This is only to show the potential pattern repeat in both LTC/BTC and BTC/USD: i.imgur.com/RvHtD6Q.png