wavetimer

BITCOIN POINT of RECOGNITION 58880 CRASH

BITFINEX:BTCUSD   Bitcoin
The chart posted is the updated chart of BITCOIN . The pattern As I started was an ending 4 th wave triangle and called for a rally in a thrust the min target was 54900/55540 to which I said sell above . We then had a rather clear move thru 1.618 of waves 1/3 and moved to a pefect 2.618 =63880 . I can NOW stated very clear you should NEVER break 58880 if we are in a BULL market . IF we did and closed under 54900. I would tell you you would without any doubt you would CRASH well into a drop of 60 to 80 % from the peak. Some would say great I would buy again and then we would go to 100k .I would tell you that it would be a bear market that would be protracted Bear market based on time of near 3 years plus . Why as you can look at the History of ETF market like gld uso slv as a start that those can show that interest in these were at a record going into those PEAKS and investors still have now see those highs and it is now on 13 years . So I am giving you the view of the history to understand the future . THIS is NOT any different .BTW we had RECORD INTEREST IN BITCOIN PASSING GLD USO In this IPO !!! BEST OF TRADES WAVETIMER

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