BITCOIN - On The Brink Of Collapse

BTC fell out the pennant as I'm sure many of you are aware. Not much to say really. This could be the start of a motive wave 5 as I described in other threads. There may be a small bounce for minor wave 2, but it doesn't look like it currently. BTC looks dead and probably just a continuation pattern from here then then lower. If you have any long hero friends that trade on fundamentals, this might be a good moment to say farewell.

See you at 20K and lower.

Collapsing whilst writing this lol.

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BTC perfectly tagged 0.618 retracement from the pennant thrust candle, before continuing down.

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What a bounce! Anyhow 0.886 retracement from the thrust candle, that will probably just about do it. Not advice. of course.

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We've seen BTC reverse many times at 0.786 and alts around 0.886. But this time BTC.D is pumping and alts look done - BTC hits 0.886.

See my BTC.D thread for details.