BitcoinShort
Bitcoin Breakdown near Oct 20th
Bitcoin should begin a massive breakdown move on or near Oct 20th. I've been writing about this breakdown move in Bitcoin for well over a month. My timing has been a bit early, but this should be it. Just after the APEX of this flag formation, price should become very volatile. I expect a bit breakdown to near $5000 first, then a brief pause, then a breakdown to around $4200.
Don't be fooled by the Bitcoin Bulls. This move could be a massive devaluing of Bitcoin as global markets attempt to resettle. The honest fact is that there is so much going on in the global equity markets, that Bitcoin and Cryptos aren't that interesting. There is virtually no movement in price, there has been no real trend and the downside risk is substantial. Might be wise to get out now and wait to buy in near $4500.
Don't be fooled by the Bitcoin Bulls. This move could be a massive devaluing of Bitcoin as global markets attempt to resettle. The honest fact is that there is so much going on in the global equity markets, that Bitcoin and Cryptos aren't that interesting. There is virtually no movement in price, there has been no real trend and the downside risk is substantial. Might be wise to get out now and wait to buy in near $4500.
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