The drop tonight looks to me like near term capitulation. Combine that with the craziness in currency markets right now, we could see a flight to safety after this selling burst ends. Max pain is starting to be up now. 

Remember… Bitcoin can’t go bankrupt but their banks can. The rocket fuel of liquidity will eventually come. 

Don’t leverage, just buy what you can, hang on tight and enjoy the ride. 🍿 

 Yep, capitulation signals the bottom. This is the necessary prep work before the bull run can start. All excessive sell pressure must be exhausted before takeoff. Throw the ballast before rising.