After the shorts (Futures+Options) have been stopped out, its time to continue the down move as the way is neat, paved, and clear.
BTCUSD on Bitstamp was used as it contain most history.
A logarithmic scale is used to make trend lines work correctly
a 3 Days candle was use to construct the chart
the big move yesterday was just made to hit levered shorts and to test the broken up trend from below..
I think the destination is between $5000 and 2000, most likely $3000... +- 20% on both edges...
BTCUSD on Bitstamp was used as it contain most history.
A logarithmic scale is used to make trend lines work correctly
a 3 Days candle was use to construct the chart
the big move yesterday was just made to hit levered shorts and to test the broken up trend from below..
I think the destination is between $5000 and 2000, most likely $3000... +- 20% on both edges...
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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.