ITS HAPPENING: Bitcoin and other cryptos in free fall! The sell signal from bitcoin a few days back is looking better and better.

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by Dave

Bitcoin
–14,35%-
13 277,21

Bitcoin Cash
–25,71%-
2 262,82
Ethereum
–17,70%-
644,34
Litecoin
–16,12%-
254,96
IOTA
–24,17%-
3,5796
 
The sell signal from bitcoin a few days back is looking better and better.
Although the 4h forecaster can be a little jumpy, it sure nailed the top on this one – and it mostly avoided being sucked in by the headfakes that happened since then too.  Downside volume is very heavy.  4h forecaster is still in sell mode, as is the daily forecaster too.  I just use the 4h during the big moves because it reacts a lot faster.
Isn’t it interesting how Charles managed to – fairly closely – hit the top with his post also?

I don’t have time to post the rest of the coins, but I’ll summarize:
BCH: strongly fading uptrend (FC -1.09 to +0.13); “dark cloud cover” candle, 68% bear reversal.
ETH: Sell! (FC -0.39 to -0.29)
LTC: sell yesterday (FC:+0.07 to -0.32)

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2 thoughts on “ITS HAPPENING: Bitcoin and other cryptos in free fall! The sell signal from bitcoin a few days back is looking better and better.

  1. “BITCOIN $100,000!!!”
    Now…..where have I heard things like that before?
    Hmmmm…wait….It’ll come to me….
    Great if you got in early and got out. Like comedy…….

  2. Greetings,
    A buddy of mine went on a bent and sold his tools (mixing board, guitars, etc) in order to buy BTC and Litecoin. He told me he was investing and I repeatedly reminded him that what he was doing was actually called speculation. Of course, he bought at the top.

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