Bakkt Futures Launch is a Sell the news event. BTBearScenario

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Lets put it at this
in mid 2017 the rumors of CME futures drove the price up
However when CME futures were confirmed late 2017
Price crashed

Now in 2019 Bakkt futures rumors drove the price up again
along with Chinese Plus Token Ponzi Scheme Participants

Now here at mid 2019 Bakkt futures now confirmed
Price Crashes?
Will it be different this time?
i doubt it

To me its all the same story happening in different times
Always buy the rumor sell the news
Also whenever Wallstreet tends to get involved those guys
usually love to short assets as most retailers only know how to buy
You know what they say if you can't beat them JOIN them

Short the ponzi

If you have a bearish bias then this chart is for you once 9k breaks
that pretty much confirms bear season with the 2019 rally seen as a wave failure (x)
introducing a future decline in another zigzag pattern to 2k levels

From a fundamental standpoint If you ask me $BTC has really no real use case adoption for now
it is merely used for pure gambling , running ponzi schemes and pedo endeavors
this is obvious as most of the trading volume comes from china
Chinese folks loveee to gamble ( i know this because im part chinese)
Imagine plus token ponzi scheme was able to raise billions of dollars in BTC and ETH
they were the ones who probably fueled the run up to 5 digits
and now that their in jail. So buying pressure from china is probably going to dry up
Americans won't be crazy buying these prices as most of them are in heavy debt already(student loans , car loans , credit card loans, mortgage etc)

Prepare for the worst full confirmation of this scenario is a breakdown below the red level (mid 4ks)
Keep this in your head
I betcha if you saw this chart and didn't know it was BTC you'd go all in short
this price point here isn't too bad to start scaling out your positions or building a short
Invalidation : break above 12k
Trade active:
We are morphing into a bearish pennant to finish off this (R) SH
altho if we break above 10850 then we will be complicating in a bigger triangle
this is looking similar to 6k meme bottom before the big rug pull
net short and chill fo $$$$ freedom
Check this inverted chart for BTC
price approaching at the apex of this pennant
Also most altcoins are painting the same pattern
targets for shorts 8500-8155
Lets GO!
Big Move coming for the PONZI
Bearish Pennant coming to its apex. RUG pull can happen anytime this week!
Dumpage ensues
Im with you my friend
lol if u still thinking bitcoin will go low u r retarded, u looking and the small picture u ll understand by 2020 may
You're reading my mind man. If I could draw what's gonna happen to BTC from now on we would have identical charts, lol
+1 Reply
usdsat.com pretty go scam so far
If you believe trading the futures launch event is relevant to LT viability then short but the overall the current cycle trading the halving events tells us otherwise.....
Cme launch fear greed index ATH
This week fear greed index ATL
why so complicated?
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