Da Bears...

The Bears take control for an early weekend lead. They always were a contender. The weak and shapeless wave-2 on the hourly was the Friday night 'heads up' that the Bullish counts was failing. So stops get hit and we look for the new road map. Suck it up. That's trading. If we're heading down the path of a C-wave here there will be a couple of important tests. The first one at the 50% where algo's will start buying. If there's enough strength and volume to back the stand there we "could" turn. We'll see soon enough. I'm not a buyer there myself. Too much uncertainty for me. I do love it down at the major confluence of structure and fibs from above and below at the $2,284.50. That's just a beautiful technical Gumbo. The 78.6 is the Fib that's ruling this market at the moment. Add the structure and that's a trade you can lean in to. I don't short the big dog. I'm a perma-bull on BTC so, I'm always looking for the next buying opportunity. Sellers have your moment... I do not think it will last for long. JMHO