tradermillz
Short

One more dump before we go FULL BULL?!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This move is getting weaker & weaker and posting lower highs similar to the China pump.

I'm expecting this to slow bleed and ultimately dump to about 6k.

I believe we will go sideways and chop there for a few months before eventually breaking the downtrend in confluence with the halvening and finally going into a full on bull market.

The chart is pretty self explanatory but couple this trend with big players exiting large positions on this pump I believe we're seeing short term distribution.

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