Bitcoin Apexing For Another Big Move (down)

Don't let other fool you, this looks like a sideways FLAG formation after a deep contraction in Bitcoin. I believe this is setting up for another downside price move - possibly retesting the 25K level (or lower).

The excesses in the markets are still unwinding and Bitcoin is like Beanie-Babies - whey were fun while they lasted.

Play this move cautiously, most of the time APEX moves generate a false breakout move (in this case higher) before the real trend takes over. You might see a POP here for a few days, then watch it roll over and collapse even further.

You've been warned.

Follow my research.