BradMatheny
Short

Bitcoin : nothing to worry about here - right?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking at this chart and listening to many of the BitBulls, the standard reply is "of course it is volatile and normal rotation is 20~30% or so". I'm not so sure I agree with this at this point. This move lower is MASSIVE and I believe we could see sun $10k levels within 24~48 hours on a breakdown move.

For those of you that have the guts to try to buy the dip - go for it. For me, I would rather invest in physical metals and other tangible investments.
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