Bmello

Why BTC can travel lower than 10k

BITSTAMP:BTCUSD   Bitcoin
I have coined this structure the vomiting funnel. It's all three waves and a failure to rotate. We could easily label the funnel 3 waves W. and the break out from the Apex X wave leaving us room for three more waves to the down for a Y. No matter what the target ends up being It's a very ugly structure with a very bearish outcome.
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