ChiefMacro

BITCOIN - YOU SAW IT HERE FIRST - WHAT'S NEXT???

Short
BITSTAMP:BTCUSD   Bitcoin
Thank you everyone for interacting lately. I love really do enjoy the camaraderie.

Anyway, we got the move down to the low $40k area and now some kind of attempt to take one more last breath.

I think the next move looks something like this chart. The consolidation part - the chop just before the next big move down that I've drawn - will destroy a lot of traders. You don't have to go very far to find nest after nest of excessively proud crypto fanatics; so it makes sense that we would get some kind of violent chop just before the next break down to $20k.



Take care.

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