dRends35

BITCOIN - On The Brink Of Collapse

Short
dRends35 Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC fell out the pennant as I'm sure many of you are aware. Not much to say really. This could be the start of a motive wave 5 as I described in other threads. There may be a small bounce for minor wave 2, but it doesn't look like it currently. BTC looks dead and probably just a continuation pattern from here then then lower. If you have any long hero friends that trade on fundamentals, this might be a good moment to say farewell.

See you at 20K and lower.

Collapsing whilst writing this lol.
Comment:
BTC perfectly tagged 0.618 retracement from the pennant thrust candle, before continuing down.

Comment:
What a bounce! Anyhow 0.886 retracement from the thrust candle, that will probably just about do it. Not advice. of course.

Comment:
We've seen BTC reverse many times at 0.786 and alts around 0.886. But this time BTC.D is pumping and alts look done - BTC hits 0.886.

See my BTC.D thread for details.

I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐

Part 1 of weekend video 25/5 now uploaded to the group😼.

$50 per month 👍🏻.

Contact: t.me/dRends35
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