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Steezy702
Jan 29, 2017 11:30 PM

Bitcoin Previous Drop Anaylsis Short

Bitcoin / U.S. dollarBitstamp

Description

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.
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