Bitcoin Goes Crash, Now What?

The bitcoin price has fallen out of bed as I predicted in an article I wrote on November 15 (see Crash: Bitcoin And The Stock Market On The Brink).

The bottom is falling out of bitcoin and crypto looks like it is quickly heading for the final crescendo I’ve been waiting for. I should add that normally these matters take a lot longer than I anticipate but timing remains the nearly impossible skill we all wish we had.

I’m still holding out for $2,500.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

This was the set up, I wrote about here at the beginning of October.

I said this uncanny tightening of range would lead to a big break out to the high or low and that whichever direction would be a signal and the trade was to jump on that trend:

This is the chart…