Cryptoro987
Short

After a brief intermission, the march south continues...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC looking very healthy.

Same sentiment as our previous idea, we now have more confirmations and a clearer picture of the wave cycle.

Don't be afraid of the down trend. Building market structure is good for us all, and it is priming our beloved ALTs for a big summer (perhaps sooner!).

Continue to be patient, and the charts will tell you all you need to know.

Comments

Great idea! Thank you!
How low do you think btc will go? 5th wave should be smaller than 3th right? Where do you expect support?
+1 Reply
Cryptoro987 Targaryen
@Targaryen, Hi @Targaryen As you can see on the 240, we've fallen out of the bear flag over the past 24 hours. First stop will be 6000-6400. We should take a break at that level, and I suspect we go lower from there.
+1 Reply
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