DESPAIR :-(

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Note
to add weight to this theory we need a red weekly and a red monthly
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NOT TRADING ADVICE
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Second part of theory is that alts are lagging do Q3 2019 is alt season in this model
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snapshot
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snapshot
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would need
1.weekly close around 10.7
2. monthly close around 8.3
to add weight to the theory that bitcoin is adhering to typical bubble cycle
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snapshot
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snapshot ETH
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on the weekly we got a green candle after the spinning top, there was a precedent set circa august 2017, the weekly dip might come later in the month
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if this a green month we need to rethink the hypothesis, target at present EOM is 8k; but this is a high risk zone for shorts and longs
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things seem to be playing out if so next week should be pretty good for alts
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eom target 8.7k
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snapshot
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btc has prolly dropped to hard for most alts
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some alts look ok but i think we can forget a pan market alt season, currently looking at xvg,zrx,etc,lsk and a few others also checkout Amjadsid
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8.7k target eom
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monthly didn't close as low as we wanted but little has changed
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BTC 8K IDEA
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all going to plan just a bit slower than expected
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Monthly and weekly looking awful as expected
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well we nailed it just took a little longer, it's going real low
Trade closed: target reached
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Well look where she bounces. We'll see what's what after 11k and alt season. K Noobs.
Beyond Technical Analysismarketcycles

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