Bonavest

Next Big Move Down Incoming for Bitcoin

Short
BITFINEX:BTCUSD   Bitcoin
Based on other Active TV 'chart-ee-sts' that follow the Elliot Waves, I follow the belief we are headed for another leg down to the $200-$220 levels.

Timing for this move are outlined above using Moving Averages behavior and Fib Time Lines.

*NOTE: Ignore the BLUE UP arrow at the bottom of the chart. ;)

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