The coming DESTRUCTION of BITCOIN : 80% if not 95% drop ahead!
BTCUSD:
a) The Top in 2013 was Cycle Degree wave I at 1140.
b) Few years of correction and then the cycle Degree wave III top came in Dec '17 at 19700
c) The drop from Dec'17 to Dec'18 was only wave A and the rise since then to now is wave B of the Cycle degree Wave IV.
d) The cycle degree wave IV will complete with a sharp, fast and furious five legged downmove in the form of a wave C that should retrace back at least till the Dec'18 low making for a 80%+ slide from current levels. If that breaks it could get all the way down to the 1140 top formed in 2013 and that being the cycle degree Wave I top I wont plan for a move deeper than that and neither would plot for anything more than 3340 right now that was the Dec. 18 low.
How to enter this long haul jumbo elephant of a bearish trade I have explained further in the last 25% of the video. Go through the whole thing. Trade a size that will not breach your pain tolerance and challenge your financial leverage ability. Do further research for yourself. My opinions are subject to change at any time as market dictates and I may or may not be able to update in real time. I will try to write updates when they make sense, but dont await for them. You are on your own & take all appropriate steps for your independent research. This is not published for any solicitation to buy or sell any securities but in the spirity of consolidating the TradingView Community that I recently joined.
a) The Top in 2013 was Cycle Degree wave I at 1140.
b) Few years of correction and then the cycle Degree wave III top came in Dec '17 at 19700
c) The drop from Dec'17 to Dec'18 was only wave A and the rise since then to now is wave B of the Cycle degree Wave IV.
d) The cycle degree wave IV will complete with a sharp, fast and furious five legged downmove in the form of a wave C that should retrace back at least till the Dec'18 low making for a 80%+ slide from current levels. If that breaks it could get all the way down to the 1140 top formed in 2013 and that being the cycle degree Wave I top I wont plan for a move deeper than that and neither would plot for anything more than 3340 right now that was the Dec. 18 low.
How to enter this long haul jumbo elephant of a bearish trade I have explained further in the last 25% of the video. Go through the whole thing. Trade a size that will not breach your pain tolerance and challenge your financial leverage ability. Do further research for yourself. My opinions are subject to change at any time as market dictates and I may or may not be able to update in real time. I will try to write updates when they make sense, but dont await for them. You are on your own & take all appropriate steps for your independent research. This is not published for any solicitation to buy or sell any securities but in the spirity of consolidating the TradingView Community that I recently joined.