Steezy702

Bitcoin Previous Drop Anaylsis

Short
BITSTAMP:BTCUSD   Bitcoin
9
During the first initial uptrend we had Brexit taking place, we saw a huge swing in price to the upside, then a dramatic move to the downside followed by consolidation. Volume was slowly decreasing over a period of 45 days leading us in one more fall in price until it finally started moving back to the upside. Now we are seeing a very similar graph with very similar worldwide events (Donald Trump). We saw a large upswing, followed by a sudden drop, then into a consolidation phase. There is a good chance we will see another drop followed by consolidation, then back to the upside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.