Yesterday daily TD Seq 9 Sell signal recorded a perfect condition to short which has played out in text book fashion. BTC is currently sitting on the mid term support line going back to the re-test of 3.8K , once this is broken the next support lies at 4H MA of approx. 6.7 K, if this doesn't hold the next clear level is 5.8 K. A lot of longs are hanging there hat on the halving event coming in mid May, the did absolutely nothing for LTC or BCH recently and it will be anti climactic when it happens for BTC. BTC is a risk-on asset and is currently highly correlated to the S&P, the traditional markets are currently in denial of the actions of the FED and CONGRESS which have ballooned the debt to the point of NO return, Once people realize that the economy won't recover with all this helicopter money and business foreclosures the S&P will re-test the low within May-June timeframe resulting in the lack of buyers for BTC. Once the baby boomers realize their 401K won't recover in time for retirement they will start to panic sell everything..... and BTC is no exception. We may get a small pump after the halving but it will be temporary in the short term, we will see capitulation of BTC holders before there's another bullish cycle in 2021.