BITSTAMP:BTCUSD Bitcoin / U.S. Dollar
If bitcoin price continues to follow down the thick yellow rings and we drop below red ring with red arrow pointing to it then expect a big drop. Two rings back we had a drop when we crossed white ring from the same fib circle and broke support of red ring. Same thing could play out again if drop below last red ring. Longs are stacked while shorts have dropped off the board and we are in an unregulated manipulated market, might be wise to play the contrarian on this one. We either pump soon or down with the ship we go!