Bitcoin Drops >1,000 (A Hindenburg Omen Moment?)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

The crypto-currency Bitcoin just plunged over 1,000!


The NYA seems to be experiencing a Hindenburg Omen moment of its own.


But the correction/plunge in Bitcoin is clearly larger than the NYA. Bitcoin has broken through the first band in the Bollinger Band study.


And for the Elliot Wave, Bitcoin’s decline looks like a tsunami.


Bitcoin even broke through the Ichimoku base.


Let’s see what Monday brings.



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