Author: Yuval Gov
A nightmare. No words can describe the past 24 hours of Bitcoin's trading. For the first time, I had to switch to the Bitcoin's daily chart since the 4-hour chart has no much space to show the $2000 decline over the past days.
The positive aspect is that Bitcoin is strong and survived even more severe declines:
When we published our horror prediction, we didn't think it will arrive so fast. But to my opinion, what comes quickly goes fast. As the way to $20K didn't hold much and led a correction of 50%, then we should expect a correction up.
There are no words to describe what's going on than a panic sell or capitulation which is the last stage of the market cycle.
11/20/2018 / 08:57:27 Source: cryptopotato