WallStreetWealthy

BITCOIN Miner Capitulation Ahead

Short
BITSTAMP:BTCUSD   Bitcoin
Miner capitulation = Miners Selling BTC
Price predictions based on
Declining Volume = Indicates a big move is coming
VPVR = Price Floor
Estimating previous resistance YTD to act as new support.
Have a Good Day!
Comment:
Ichimoku cloud indicates bounce of 8.5k levels is possible for recovery.
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Double Top Pattern is labeled with two red circles on chart Indicating 9k will be broken.
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Institutional investors are not buying Bitcoin right now at healthy levels and they should be to indicate a strong market outlook. The price is being supported by retail buyers (regular people) and the masses tend to be always wrong.
Comment:
The markets will always do what takes the money away from most people and there are allot of new traders that are going to be shook out within 2 or 3 4-hour candles.
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