vlions12

BTC Going Much Lower...

Short
BITSTAMP:BTCUSD   Bitcoin
How low will it go? How will it affect altcoins? Should be interesting.

Rising wedge being played out. BTC making a lower low signaling there is further downside to come. It should retest $40-43K. That could trigger a further sell off if more leveraged traders have to unwind.
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.