Chart posted approx.10:43am ET. Well we have some decisions to make. BTC did not immediately take the downside- instead it looks like a massive bait tactic to get people to buy in before it swoops back down. Why will it come back down? Harmonics. The immediate micro patterns I am showing have been an extreme bearish pattern to establish the broad top.. followed by a bullish butterfly which is creating the fake pullup we see- and then lastly we have just completed a bearish shark which will assist in pulling price back down immediately. The highest I show BTC can break this channel that has been stablished is 48k. After that we may get a bullish signal but we will have to see.. its not developed yet. 48k may be a positive, but expect downside.... I am still of the opinion this is going to dump hard on some unsuspecting people...so set your stops please! - dont get baited. Keep in mind the MACRO pattern to the far left- is a Bearish Shark- that is the big one. You would have to zoom out to see those patterns that control the action.
Moorsc0de aka Crypt0nomics aka Zaphkiel
