the price pattern is complete
btc broke out of LT downtrend
retested line to r/s flip
November pump for release of Bakkt
After back i expect BTC to crash so that wall street will be able to get it much cheaper for the 2019 Moon Rally late Q1 when Nasdaq release crypto products
The recent hike of the fed rates will eventually result in a large number of defaults which will cause for a collapse/ pullback / correction / whatever you want to call it.
1D Bear Price action & Bear div
Unsustainable parabolic uptrend
The band has stopped playing. Pull the plug
Get out of US Equities and hedge with BTC,
after all that's what it's made...
Rising wedge bearish pattern
Bearish divergence on the weekly!
Now is a good time to apply the principle.
Trade set-up placed.
A break in parabolic bull trend should retrace to 200SMA
Huge Bearish divergence with high highers on price action & lower highs on the RSI
The US Stock market has gone parabolic and a huge correction will take place by Q$ 2018
Exit all US stock equity markets, enter low risk such as cash
A long term support time for over 12-months is being testing in a symetrrical triangle
On a micro-scale, there is a head & shoulders forming, increased selling volume.
If the neckline is snapped, bear bias will be established with a low bottom range of 4800-5300
Volume is much needed to ensure there is no flash crash. The bulls need to secure the 6000--6800...