This_Guhy

BTCUSD Microfractal Confirms Bearish Outlook See Second Chart

Short
BITFINEX:BTCUSD   Bitcoin
Real quick and simple post. We see on the daily chart a classic elliot wave bubble popping with bearish divergence and the following beartrap. In the chart below we see a microfractal of the same bubble pop and we didn't even get above the high for the day. Bearish divergence and the bull trap are both in play here and despite this great effort we were not able to best yesterdays high (8194) , which was not able to get past the previous break out attempts of the inverted head and shoulders at about 8275.
In a lot of ways this is an educational post but since it confirms my personal bearish sentiment I found it pretty interesting and worth a quick post. For the sake of my shorts I hope I am right, of course. Not financial advice, so forth and so on.

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion
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