RS-Trading
Short

Bitcoin Logchart Trendline Support

BITSTAMP:BTCUSD   Bitcoin / Dollar
On the Logchart we have a broken Trendline and just for Perspective i have another Supportline on the Chart.
A possible Scenario we could see when Capitulation Phase enters Return to the Means Phase.

For most holders this is ridiculous but so was 10k and then 8k a few days ago. I heard a lot of "this is not possible" statements but here we are, its going down.
Personally i stay on the sidelines and wait for Confirmation of Trend Reversal. I will use this Bearmarket to make a Vacation and enjoy Life.

Good Luck
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