snookerer

Major bitcoin capitulation might happen very soon!

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Please leave a like and comment if you'd like more of these chart posts. Thanks! Every yellow ring is part of the same fib circle and you can cleanly see every time we've crossed one of those yellow rings we have had a massive drop in the bitcoin price. The further we ride up a ring the more extreme the drop seems to be. We have been riding up that last yellow ring for quite awhile and have already crossed it, now currently finding resistance underneath last ring. Global markets are not doing well and things are likely to get worse. If you are bullish you may want to err on the side of caution. Just step back and take a look at the bigger picture here. Trade safe and trade smart!

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