Circled is the break to new fib level, and SMA crossing that will most likely occur in 1-2 days (after the most recent daily closes).
1. MiddleEast at war 2. Elon Musk manipulation (electric vs petrol wars) 3. Low buy volume in critical dips 4. MA50 Daily (blue line) starting to point down 5. Crazy hyper alt frenzy buying of shitcoins ends in bitcoin depression 6. Bad sentiment in the market now 7. Many bulls screaming 100k 8. Feeling overall is end of Dec 2017 9. H&S formations in btc and...
Cenario for the end of this bull run. Massive H&S I dont think we will ever see 20.0k again. PS. There is a bullish cenario if we avoid 30k area.
I'm not going into details, but this is my final warning. Why do I think it will go so low? Because when you zoom out and see the weekly chart it's just one straight line. Pullbacks are only seen on lower time frames. It will break 200 weekly MA because it never did n history and this will be a final collapse of crypto where only the strongest coins will survive....
This is the end, beautiful friend, this is the end, my only friend, the end!
There could be serious trouble just around the corner for the S&P500 and Wall Street. Just don't be an 'April Fool*'. Watch the video. *April fool is figurative language. I'm not describing anybody on Tradingview, or anywhere else.
I see a possible wedge coming, price may break out to the down side.