In February when everyone else was calling for 12k+ BTC we were calling for a Bitcoin Bull Trap. We are now closing in at our Feb 6th low of $5873, so the question is will it hold? Will we rebound? Or will be break through to a new bearish low? Are we crazy, yet again? Watch for a break out or break through of our descending wedge.
Please watch the previous videos on Bitcoin crash, for the big picture:
#1. Bitcoin Set to Crash to $6k? Has the BTC Bubble Finally Burst?
#2. BEWARE! Bitcoin Correction is NOT Over Yet!
#3. Bitcoin Crash Update! – Buyers Are Still Weak, WAIT! – Q/A
#4. Bitcoin Still in Bearish Trend? What is next?
#5. What Bitcoin Needs to Turn Bullish & End Correction!
#6. Technical Analysis is BS & Bitcoin Proved That – Bulls in Sway!
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Please NOTE: I am not giving financial advice, I am not recommending, encouraging or discouraging you from investing at this time or any other time. I am only presenting my view of the market based on my experiences which you need to evaluate and make a decision upon that is wise for you.
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