Bitcoin price is coiling up!
Well as the title states it, I found a very interesting idea and went to share it with you.
The price action of bitcoin is a coiling up action, a price movement that builds tension until this tension has to burst one way or the other.
I am trying to describe my thoughts in the following video, as to make myself better understood. Please be gentle as I am not a native english speaker and I have tried my best.
I am not a financial advisor, I am just exposing my own opinions and not advising you to take or not to take any action.
Have a nice one!
Well, well, well... I was thinking it right.. did not see the dimensions of the coiling process :). And yes, something did happened:
we broke to new lows like a modafaka..