NOV. BITCOIN FUTURES (CBOE)
(11/5). The bounce off 99331 is sickly and may stall at 105200. Thursdays are often
lower, so we remain open to 92499 next. The market remains in trouble through the week of
November 17th, so assume the bears will stay in control, even though we occasionally
get some absurd blips.
lower, so we remain open to 92499 next. The market remains in trouble through the week of
November 17th, so assume the bears will stay in control, even though we occasionally
get some absurd blips.
WEEKLY CLART SELL SIGNAL: : We received major confirmation with a
print of 112,000 weeks ago that the market had topped which allowed us to project a first fall to 92000 and max. to 80,000 into the November low. There are more bearish patterns indicating a deeper fall, but the fundamentals do not support this.
print of 112,000 weeks ago that the market had topped which allowed us to project a first fall to 92000 and max. to 80,000 into the November low. There are more bearish patterns indicating a deeper fall, but the fundamentals do not support this.
OVERALL: We remain bearish until November 17-21.
