Gavain

Bitcoin top is in at 69,000$

Short
COINBASE:BTCUSD   Bitcoin
The latest bitcoin crash has caught all of us off guard. I believe that because of this crash, the bull cycle for bitcoin has ended, and it´s now time for altcoins to shine, primarily XRP, as it hasn´t shown significant growth in this cycle. Let me make this clear. As of the 4th of december we are in a bitcoin bear market. The altcoins have taken off in the retrace after bitcoin topped and crashed 40% in 2017. Just what we saw in this crash. If we see the altcoins take of in the following few weeks, this will be a great indication that my analysis is correct and the .702 fib retracement is a good short entry. I will be entering that short if, and only if we se altcoins take off during the retrace. I am expecting that bitcoin will go below 15,000$ if it´s rejected by the .702

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