BitcoinShort
Possible Stages of BTC top.
Updated
The big W spike could have been an important top for BTC.
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
Trade active
Which usually produces a head and shoulders too.
All the classics in place. Just waiting to see if they play out or not.
Trade closed: target reached
Asked a few times for updates.
I'd still consider this is the pending decision level with this being a possible 76 retracement.
Note
Scaled up to full size positions into the retracement levels. Target 70K.
Note
I've turned my notification off here. Sorry to anyone with useful/legit comments. I'll update my ideas when big levels hit. 
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