Bitcoin
Short
Updated

Stronger USD + Less free Commercials from media = bubble pop

1 478
After a bull run on BTC / USD thanks to a very weak USD
BTC/USD hit the descending trendline from the Highest value and start the fall

The Usd today are stronger and is gaining power hour after hour.

In fact we are at the "Return to normal" stage on speculative bubble showed here goldbroker.com/media/image/cms/media/images/phases-bulle-speculative.png

We can expect a fall to the 161.8 fib ext at 4600 USD

Market pressure confirm the bearest trend

The lack of "free commercials" due to missing new ATH hangs over the bitcoin too expensive for a very large cryptomarket
Note
Media sentiment has changed ..

this post has been published today in the main italian finance newspaper

ilsole24ore.com/art/finanza-e-mercati/2017-11-17/preparatevi-scommettere-contro-bitcoin-163425.shtml?uuid=AEaKqnDD
Note
this is the english and pubblic version of the article

drive.google.com/file/d/1zQ8JQH098jZQ-fYCbk_JFy-HwuCyYVqr/view?usp=sharing

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