Short

Capitulation is coming....

Updated

We are starting to reach some interesting levels in Bitcoin while in a normal environment I would already be buying. However, I believe a strong capitulation event may be coming correlating between equities and Bitcoin at the same time. If so, in my opinion Bitcoin may reach the purple buyzone outlined above near the 400 week moving average. I'm waiting for the Vix to shoot up as well as some other signs of complete capitulation to deploy capital. I think we may be getting close, I would not be surprised if it happens within the next ~9 months. There will be some bull traps throughout the way..... stay focused!!

Note

Assuming tether does not become insolvent and blow up cryptoland of course.

Note

Very speculative thought here --> Probable for a bull trap bounce to the .618 (around ~28,500) as similar in Nov 2014? Then complete capitulation with equities to purple buyzone

ATR92

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