Short

Bitcoin rising wedge against bullish trend line. No good.

Updated

Bitcoin rising wedge against it's old bullish trend line. Once it breaks below the line (probably this weekend), it will need to find real support. This ain't it.

Note

It's important in the first couple weeks of the ETF release to pump every New York market open, which is exactly what has been happening the last 5 days. Important to the funds to attract flows from investors because investor flows would dry up if price kept falling. But fall it will.

Note

As predicted the line is beginning to break right now. It will do one final retest tomorrow which will be quickly sold off. Sunday will end the day very close to the opening price or slightly negative. This is your cue to sell sell sell.

Wall Street is coming for your money (or in this case your Bitcoin). Protect your capital! The barbarians are at the gate!

Note

We have now broken through and closed the Saturday day below the rising wedge--as predicted. I suspect on Monday at 14:30 UTC we can see those f*cking scam artist Wall Streeters to make one more low volume pump, perhaps even as high as 44300 (believe it or not!) but in any case, it will only represent underside touch of the broken rising wedge pattern.

This will be your cue to short heavily and very safely I might add. You could use 100x leverage and not even have a 1% stop out. I don't recommend it, but I am saying that is possible.

CryptoTaoist

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