Face-ripping sell-off to $5K around the corner.

We failed to break above $8K on the inverse head and shoulders off the bounce from $6,500, and now keep getting lower highs. The market is looking incredibly weak.

I've gone from bullish to bearish this last week.

1 month MACD showing a nasty MA cross-over into bearish territory. November candle below $8K is not a good sign as well.

A re-test of $6,500 will shake out all the bulls, and a plunge below sends us to $5K quickly.

Wish I had a better outlook.

See you Fall 2020.