Bitcoin - Not done

Lots of dissapointed souls

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Trend Reversal: Calculated to shift from sideways to downwards May 30/31st.

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*May 30-June 4 should be trend shift. I will be not interested in trading Bitcoin before beginning of 2020 as I am going heavily short at that time.

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There is a chance of continuation of sideways, choppy action till February 1 2020, then 2 weeks of consolidation before megadrop into end of March 2020.

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If we get that chopscenario, I have something like this on what I look for

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Be on the lookout for a trend reversal starting from today or tomorrow with a strong bearish candle (we arrived at May 30/31 and entered the zone for trend alteration).

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9190-9200 area is strong resistance.
I have looked a bit at price. When this cycle is over, likelihood is high that we need to reverse down to the indicated area again.

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BTC came within 100 bucks of my estimated price target for turn. I think we are in the consolidation scenario, so 5750 should be initial target.

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Im targeting 5750 within Aug 2.

CycleMaster

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CycleMaster