In The News - Fundamental Sentiment Mainstream Media: - Bitcoin -0.55% transaction fees becomes super cheap.....10,000 for 1 cent....What??? - French minister reckons he won't miss the blockchain revolution. - G20 overall positive on Crypto. - 2 Australian state politicians have bitcoin -0.55% holdings...
Bullish Sentiment
Social Media: - Belarus adopt crypto accounting standards. I don't even know what this means. - Misleading partnership announcements. - Typical reddit Bullish propaganda.
Bullish Sentiment
How is she? - BTC -0.55% ....She is running from me. I'm going to let her go. Free fall and come back when you are ready baby.
Technical Analysis On the hourly charts: - Volume is low... - Bullish candleshicks - Below all the main moving averages. - Squeeze indicator negative - RSI indicator going down!
Bearish Trend Confirmed
What am I doing? This is not financial advice - Tether until volume and trends pickup - I am really worried that there is positive news / fundamentals but it is really negative from a technical point of view...This suggests a crash is imminent but we will see.
So what happen to my Elliot waves? A flat ABC formed previously...This suggests a soon to come impulse however we have had 2 ABC corrections meaning an overall bear trend and an upcoming 1-5 impulse bearish correction wave (wave 5). CBB drawing it but be aware....
THERE IS ALSO A BIG M forming. Better known as a DOUBLE TOP . Be aware for a >15% correction that has a good probability of occurring.