New updated forecast as of 06:50am UTC
We have been keeping our eye on this storm
We are seeing a shift and movement back towards the SSE now and we are looking at a possible landfall around $6000 in next week or so.
We may see weakening as we approach landfall at $6000 but at this time were showing no indication of this.If major weakness does not occur we should see it continue from there down to $2700-$4000. After making Landfall here we expect a harsh turn back up north and it to make its way back on up to $20,000's....
Have a game plan for the storm...
If you have any extra fiat, now is the time to get it ready and prepare to buy when it makes possible landfall in the upcoming days or weeks ahead. Or.... if you wanted to sell some, NOW is the time ...with a "Buy Stop" order above your Short position... to protect your trade against the storm turning back up.
DO NOT PANIC SELL if we do in fact make landfall
AT THESE AREAS. HODL!
we are going south. I was very bullish up until the past 48hrs but there is just no extra volume or new money coming into the market. I am unsure about medium term but short term says we are heading south today. A new downward elliot wave is developing on the 1hr chart, following on from the downward 5 point wave of 12hrs ago. Buckle up.