snookerer

Bitcoin might crash to $5000 in 10 days

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The rings that are the same color are part of the same fib circle. You can see back when we dropped from 6k to 3k price pushed up the yellow ring and was rejected by orange ring. The same thing just happened, price pushed up yellow ring and got rejected by orange ring (i have this marked with arrows). We are now moving down the white ring and as you can see when we crossed the blue fib circle bitcoin crashed not long after.. We are coming up on another blue ring that is from the same fib circle and we will hit that ring in 10 days at current price. If price drops we will hit it sooner. Just play it safe, if you are in btc have a stop loss set!

I will have the shareable version of this chart available on my website, you can find my website address by clicking on my trading view profile.


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