BITCOIN - Missed The First Short - Here's Another

For anyone following I am already short, however this could be a really great entry right here. Price has wicked and touched SOW see my Wyckoff thread for details and that is significant. This could well be a top right here for a great placement into Mark Down part 2.

This is not advice.

Comment:

Trade active

Comment:

Peter Brandt just tweeted this:

Not Tweeting about $BTC for a while
But hint: Market bottomed yesterday.

Trade at your own risk, but really what more conformation does one need.

We'll be heading down to 20K soon enough. Probable it will be another trip in the elevator.

Comment:

Guys I'm not going to make this thread a discussion about another trader. I made a point, I'll leave let it hang there and we'll see how things turn out.

That said I will say (imo) there is very little chance of yesterday's price hitting the bottom and there are a multitude of reasons for this. One significant point also because I have a 2 month thread covering it is that Bitcoin has been trapped in a domed Wyckoff distribution for the whole of this year. This is an enormous ebb to flow of force and now into Mark Down Bitcoin is a dead cat. You're just not going get this long distribution and obliterating collapse in a wave 3 - 4. It just doesn't make any sense.

And if its a dead cat off a primary, cycle and even perhaps supercycle wave 5, its not going to suddenly spring to life having fallen off a cliff. No, it must first get crushed and die, crawl, walk, run again before it can fly.

Trade closed: target reached:

Apologies I was unable to post yesterday following a discussion with one of the websites many Garlicoin billionaires - who disagreed with one of my ideas. I'm making a group it seems. PM me and you won't miss a thing