2 replies to this topic

[tsharp]

Last Saturday I posted to IG that BTC was at the place it needed to turn back down or I would need to revise my outlook.

 

This was the chart I posted:

 

 

Obviously, the news that came out yesterday was a double blow to BTC: a bit wallet containing an estimated $1B opened and started sending coins to Bitfinex, then also GS reported that they have changed their plans to add a trading desk for crypto.

 

Last night's charts... still looking for a wave-c low in the 5100-5400 range... judging on the obtuse angle on the 240-min chart, this week's highs will not be seen  again for a while...  twt.

 

 

[CLK]

Yeah, it's just a 1-5 minute trade for awhile now. Not for buying dips to hold.

[tsharp]

if you think the bear market is bad in BTC, take a looksy at ETH...

 

Tonight it's already trading some 87% below its peak price, less than a year ago... I suggest the final low, many years out, will be somewhere down in the 40s... twt.