This is the top on Bitcoin. Wave count is done, we have a bearish breaker as well. Along with weakness signs showing in the S&P and potential for a reversal on this Dollar, I'd call for a market reversal here. Don't fomo, we just reached a parabolic top!
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The next few weeks on Bitcoin.
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Making sure I follow the original plan
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Bitcoin might actually have the audacity to still be bullish
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Though we may make another short term high, understand what's going on here. The price is going up right now because people are "buying the rumor" of the halving event. Noobs are expecting the price of Bitcoin to soar because its suppose to halve this month. That has no fundamental affect on the price of Bitcoin. Literally none. So guess what the big boys are gonna do when the halving begins 7 days from now? Dump.
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The high is already in or should come in after Monday open. We are at support now, could easily lose its grip right now.
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WHOOP there it is. Down we go :) Anticipating 2k over the next few months
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Hopefully we get more consolidation here before the next bigger fall. I should have listened to my gut when i saw price get rejected under those even levels near 10k. But now I just need to wait for some time of further consolidation and retest of one of these trend lines before i go short. I missed a lot of opportunity already but there is much more to go.
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Nice rejection. Should continue lower then spend a couple days in consolidation before heading lower
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Anybody else feel like Bitcoin is about to short squeeze? I'm expecting a new breakdown, but for some odd reason my gut tells me short squeeze. We shall wait and see.