From yesterday's update: "[Bitcoin] Looks very likely to trigger Long today or tomorrow. Buy Signal on any tick above today's high @ $52,100 (currently $51,685)." Bitcoin never got back to its high and has fallen out of "Buy_Pending" mode The key in avoiding the Long trade was to require that a recent high get taken out before the signal could trigger. Failure to do so kept us on the sidelines. Now what? Bitcoin's weakness overnight and today may be the start a new leg down. With Bitcoin caving a powerful $6,000 it is now approaching a key level of support @ $46,000. Dropping out of the sideways corrective channel allows for a high probability entry Short into a new leg down, Targets: $40K and of that fails to hold support, $35K. If you see $46,000 broken, check site for a new trade to the downside.
