BTCUSD – Bitcoin (Last:116,412)

Bitcoin remains on-track for a fall to at least p=105,762, but it is not going quietly into the night. The slight weakness of the last several months triggered a theoretical sell signal at x=114,496, The green line), but bears are having difficulty pushing it down to that level. That would be an opportune spot to attempt bottom-fishing, but we may have to abandon the project if another week does not bring a close below 114,496. Concerning the sell signal, I am not willing to risk nearly $9000 on the textbook stop just above c=123,231, and so the only way to get aboard, with entry risk capped at perhaps $700 or less, would be by way of a signal on an intraday chart.  I will send out an alert if an ‘easy’ trade develops.