The Bitcoin Crash Formation

Updated

Look at fib levels from the 7400 high and draw the wedge. Liquidity is garbage in market right now and Replacements off Order Blocks are going lower than they should be due to the lack of liquidity. Expect a move from 6490 to 6900 and then chop down to the 6450 trendline and then a spike up to 7100 before a fall to a lower low where whales will take us to the higher high fake out over 7400.

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LOOK AT THE RAMP!!!!!!!. Support was 6550 which broke and there has been no liquidity . To fill their longs to get to the .618 and .786 fib targets whales had to go deeper into the order block. The Ramp looks like a ploy to prop up bitcoin to get better short entrys

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#retracements not replacements sorry not sleep

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m saying we could potentially break the teh downtrend resistance break back down to test bear flag support then try to break out of the upper side of the broadening wedge then break down the bear flag and then find support on the lower part of the broadening wedge
potentially
then they rekt both shorts and longs
and have ammo to attempt a higher high above 7400

wolfofpoloniex2

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