BTC Bearish. Be Aware....Bitcoin is in for a scare.....
***This is not financial advice***
In The News - Fundamental Sentiment
Mainstream Media:
- Bitcoin -0.55% transaction fees becomes super cheap.....10,000 for 1 cent....What???
- French minister reckons he won't miss the blockchain revolution.
- G20 overall positive on Crypto.
- 2 Australian state politicians have bitcoin -0.55% holdings...
Bullish Sentiment
Social Media:
- Belarus adopt crypto accounting standards. I don't even know what this means.
- Misleading partnership announcements.
- Typical reddit Bullish propaganda.
Bullish Sentiment
How is she?
- BTC -0.55% ....She is running from me. I'm going to let her go. Free fall and come back when you are ready baby.
Technical Analysis
On the hourly charts:
- Volume is low...
- Bullish candleshicks
- Below all the main moving averages.
- Squeeze indicator negative
- RSI indicator going down!
Bearish Trend Confirmed
What am I doing? This is not financial advice
- Tether until volume and trends pickup
- I am really worried that there is positive news / fundamentals but it is really negative from a technical point of view...This suggests a crash is imminent but we will see.
So what happen to my Elliot waves? A flat ABC formed previously...This suggests a soon to come impulse however we have had 2 ABC corrections meaning an overall bear trend and an upcoming 1-5 impulse bearish correction wave (wave 5). CBB drawing it but be aware....
THERE IS ALSO A BIG M forming. Better known as a DOUBLE TOP . Be aware for a >15% correction that has a good probability of occurring.
In The News - Fundamental Sentiment
Mainstream Media:
- Bitcoin -0.55% transaction fees becomes super cheap.....10,000 for 1 cent....What???
- French minister reckons he won't miss the blockchain revolution.
- G20 overall positive on Crypto.
- 2 Australian state politicians have bitcoin -0.55% holdings...
Bullish Sentiment
Social Media:
- Belarus adopt crypto accounting standards. I don't even know what this means.
- Misleading partnership announcements.
- Typical reddit Bullish propaganda.
Bullish Sentiment
How is she?
- BTC -0.55% ....She is running from me. I'm going to let her go. Free fall and come back when you are ready baby.
Technical Analysis
On the hourly charts:
- Volume is low...
- Bullish candleshicks
- Below all the main moving averages.
- Squeeze indicator negative
- RSI indicator going down!
Bearish Trend Confirmed
What am I doing? This is not financial advice
- Tether until volume and trends pickup
- I am really worried that there is positive news / fundamentals but it is really negative from a technical point of view...This suggests a crash is imminent but we will see.
So what happen to my Elliot waves? A flat ABC formed previously...This suggests a soon to come impulse however we have had 2 ABC corrections meaning an overall bear trend and an upcoming 1-5 impulse bearish correction wave (wave 5). CBB drawing it but be aware....
THERE IS ALSO A BIG M forming. Better known as a DOUBLE TOP . Be aware for a >15% correction that has a good probability of occurring.
Disclaimer
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