- September 2017 toutched the trend line, and the trend line acted as resistance
- Price toutched the trend Line after it had briefly crossed it once before
The Trend line now became support
- Again the trend Line acted as support, even if very briefly
- Lots of action and support on the trend line
From there the price tried to break the $10000 however it encountered major resistance before dropping to #5
- It smashed through the trend and
As a total idiot and crypto novice
Am of the opinion that this is bad
This further fall right in with those who says that it's still going lower
How low will it go?? I don't know
We can all Gestomate where how low the price will go, however no one knows
In 2014, the price of Bitcoin dropped/corrected by 90%
If we only get close to that, then we could be getting close to the $3000 mark
On a Further Point
Bitcoin has been loosing it market dominance, small piece at a time
Have noticed that some of the other crypto currencies have not dropped as badly as Bitcoin
There will be a day, when Bitcoin will no longer move the whole market when Bitcoin moves