BTC: Spoiler, Bears win.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
... for now.

As part of our forecast, I noticed something within all the barts all the TK's all the MA's all the garbage, there's a pretty peculiar reverse cup'n handle in plain site.

Take a quick look at BTCUSDSHORTS and tell me that isn't a cup n handle. Now take a look at this TA.

Victor, domp eeet!

There are so many conflicting factors this week I decided to take a more speculative approach to TA and get in the minds of those bullying the market the way they want it

I also looked closer at the TA from previous market crashes and 1 thing is clear, we get the same trend lines but we never break out upward (looking at major crashes)

I think this week will be mostly uninteresting as BTC Shorts grow larger than life itself we will continue our (totally not manipulated) curvature of barts and bats toward the trendline .

I am also thinking a low of 5-5.5K in the next 3-4 weeks followed by a recovery and a massive alt run across the board as (smart people) cash back in. Just my opinion, I have not thought alts are due to run for quite some time now.

Just my opinion, I don't see many others talking about this.
but i'm on board for 5.5k being the bottom. :)
I don't disagree w you going down but I think we have one more move upward. If we break past 8500++ tho... then I'm bullish

As far as how things are playing out. Bearish 5 Drives. so if this plays out to the t of this then we have one more run to 8.5k then a fat f'ing drop. ...or bear trap.
+1 Reply
bad-chromer TreeTruffle
@TreeTruffle, Looking at past situations honestly we need to get that low out of the way and really drown the marketcap. At some point things are too cheap. Otherwise we sit around waffling with indecision
+1 Reply
TreeTruffle bad-chromer
@bad-chromer, yeah... amen homie. Sorry, here's the complete harmonic Bearish 5 Drives that would bring us to 5.5k range.
+1 Reply
This is inline with my subjective look at Money Flow Index vs RSI and MACD. Due a drop to $5,800 unless something diverts the trend
+1 Reply
bad-chromer hardforky
@hardforky, My analysis is more extrapolating on sentiment and so much indecision but I see that 100%
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