ponzialchemist

Bitcoin - Ready for another plunge

Short
BITFINEX:BTCUSD   Bitcoin
BTC looks set for a crash move into the end of the year along with legacy markets. The coming week should set the tone for what is to come.

The last bounce which I see as sub-wave 4 of the wave 1 from ATH came at .236 fib and this next wave down should at least tag .382 fib around 7k before we see a larger bounce next year. Volume and trendline confluence as well.
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Not liking what I am seeing in SPX, Believe we will see another HH eventually. Wrong here.
Order cancelled
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This could still be right but I will wait for SPX to reach 4260 and then re-evaluate there.
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TOP is in.
Trade active
Order cancelled
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Tick-tock

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