eliliving

Bitcoin (BTC): Recalibration

COINBASE:BTCUSD   比特幣 / 美元
I had to recalibrate and re-do my support lines since Bitcoin             broke through support this morning. It's looking more like a descending wedge now with the apex nearing a strong support area around $8,500-$7,500. I don't think Bitcoin             is finished correcting itself. With it's positive run and parabolic increase, it NEEDS this correction to reach higher highs and bigger waves up.
Interesting, has BTC ever consolidated like this or has it always had sharp drops and then sharp jumps?
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