Docofalltradez

What Goes Up Must Come Down....

BITFINEX:BTCUSD   Bitcoin
Double top of 21 EMA followed by a dead cat bounce in 2017 looks very familiar. We have a double top again and momentum on the daily stoch and daily rsi going down down down. It will cross the 200 MA and keep on going to at least 0.382 fib. Not to mention the vanishing act of the volume and historical volatility. Very sad... But this will bring the miners back from the clouds to repeat the cycle again. I still believe in the stock to flow ratio and we will see another 300% opportunity.

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