Fib Spiral of Death - BTC down to $1750
Call me crazy but the lowest low to the highest high on this chart history measured with a fib spiral matches the existing downtrend precisely.
This also coincides with the current covid world situation from a fundamental viewpoint (millions losing their jobs and selling their bitcoin to pay the bills); and forms a total bitcoin history structure diamond top reversal pattern.
Given the gap on the CME futures chart - I am expecting one last hurrah up to at least 9100 (possibly as far as 10K where we find the fib spiral resistance) to close the gap and create a massive bull trap going into the halving. From here it is down as low as $1750 which would then form a massive entire structure bull flag to see us out to a new ath sometime in the next 4-5 years.
How I am playing this - shorts laddered in from 9000 up to 10,000 in $100 intervals or so. Stop loss $10,400.
This also coincides with the current covid world situation from a fundamental viewpoint (millions losing their jobs and selling their bitcoin to pay the bills); and forms a total bitcoin history structure diamond top reversal pattern.
Given the gap on the CME futures chart - I am expecting one last hurrah up to at least 9100 (possibly as far as 10K where we find the fib spiral resistance) to close the gap and create a massive bull trap going into the halving. From here it is down as low as $1750 which would then form a massive entire structure bull flag to see us out to a new ath sometime in the next 4-5 years.
How I am playing this - shorts laddered in from 9000 up to 10,000 in $100 intervals or so. Stop loss $10,400.
註釋
Not sure why the alignment changed after publishing. 註釋
Hit the fib spiral resistance. 註釋
Pattern still holding. Stop loss moved into profit. 註釋
still holding 
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