GlobalTrader_

Bitcoin in trouble!

Short
BITSTAMP:BTCUSD   Bitcoin
Looks like we have fail again and BTC has run out of steam, Yesterday just the beginning of a much larger drop coming within the next month.

Bitcoin has fail even just to reach the 20WMA and now the stochastic RSI is curling back bearish.

Using the system here, my calculations has bitcoin at $8500-$9500, for this to be invalid we must get over the 20WMA. I have my doubts we will as we look at the tradition markets, things looks overbought.

Were done!

last update on this system linked.
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