Decending Triangle of Doom - The Bubble Popper

٣١ يناير ٢٠١٨

Simple chart analysis here, nothing fancy.

Weve formed a mother of a decending triangle since the drop from the 16,000's which.. if broken.. could spell complete disaster for Bitcoin

First support : 8250
Second Support: 6100

These are scary times indeed!

١ فبراير ٢٠١٨

ملاحظة

Triangle has broken - watching here

I should have also noted that the Daily 200MA is @ ~7800

This should be considered the 2nd support, with 6100 being the third

Historically, the 200MA has been VERY strong, but this market is tricky!