Short

Bitcoin will slowly degrade over next few months

Until regulatory issues are settled or at least addressed, the US market will be unfriendly to new crypto investors. Bitcoin needs new investors in order to rise, and without this, it will fall. As soon as this all cleared up, and there are more credible ICOs emerging, Bitcoin will move up sharply. The pattern I show is very indicative of a post bubble deflation event.

traderofoptions

I provide expert guidance for crypto traders using Volume Profile and pattern recognition tech

Also on:

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.

traderofoptions

I provide expert guidance for crypto traders using Volume Profile and pattern recognition tech

Also on:

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.