BitCoin heading lower?
Surf City thinks so.
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WE ARE
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* FIRST A TRICKEL THEN A FLOOD
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POSTING INFORMATION
Wave 2 in progress? If so, wave 3 up should be an insane move.
Perhaps but I have the move up to 8400 as a wave 4 top and we are now in a wave 5 down into an Intermediate Cycle Low (ICL). Over the past 6 months, take a close look at the price action on the BTC chart once it drops below the 10ma as this is almost always a signal that its short term Trading or Daily Cycle has topped. BTC cycles average 60 days low to low so if we have topped we still have lots of time to make a lower low. Price is also below the 100ma now and it appear Wave 4 could move above it only briefly.
See the silver parabola posted above to see what comes after a parabola like that.
Didn’t read the post, just reporting on what my charts say.
But yes, down.
Moreover, I have the same VLT sell alert I got last Dec.
That suggests this should be a multi month decline from here.
This one has crash potential, since the signal is coming from below key zero lines.