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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