Big_Badda_Boom

Big_Badda_Boom

50 EMA descending on the dual 200’s. Prepare for impact.

Big_Badda_Boom Updated 

I have no reason to think we are leaving this channel anytime soon. Until it does I am following this trend of bouncing off the edges. Right now I believe we are headed to 6600. Since we bottomed at 0300 on the, I'd look for a hit back at the top at 0500-ish on the 9th. See you tomorrow morning. Scott

Big_Badda_Boom

I believe we have seen BTC dip lower and longer with each dip below the 200 SMMA and this time willbe no different.

Big_Badda_Boom

We are headed south. I am calling 3534 on July 12 and then we can start talking rallies and such. I think Aug and Sept will be bargain months before a big push in Oct/Nov. Then get out again in Mid-Early Dec.

Big_Badda_Boom

We are still moving through the smaller inner channel on a downward trajectory. My current target is just below $3k and could take till the end of May to fully bottom. Edit to add: $6860 has become solid resistance, We have a established a daily close below our last low/close. We have not hit the interday low, but I would argue that this stair-stepping process...

Big_Badda_Boom

This is where I think we are in the "Wall Street Cheat Sheet" timeline. Still waiting for capitulation and real anger.

Big_Badda_Boom

Anyone else seeing the inner channel wedge coming to a point on April Fools Day? Coincidence?

Big_Badda_Boom

We have been in this channel since Feb 15 until it breaks I am holding my lot on the sidelines. It is bearish in trend and seems likely to continue falling. Sentiment and history support this.