In this video I detail out why I believe we will see a significant crash on Bitcoin, dig into the mechanics of how a drop to $10,000 is possible, talk about the US Dollar and macro ideas for Bitcoin, and summarize my trading ideas and why I am anticipating its a good trading opportunity.
Any questions or comments, please feel free to ask or leave your own input....
BITCOIN $59000 MACRO Update: Wave4 Correction
1-Resistances:
A) W21ema (~$61,000) is providing an immediate resistance.
A break above 67K (If the the W21e is taken out), could resume the bullish momentum for
the wave5 of the macro trend.
2-Supports
A-Support zone to watch going into Q4:
53-50K (W50ema-M21ema support on average).
The M21e is at...