Bitcoin has been struggling to break towards the trend line resistance to test it again before the subsequent decline. However, it does not have enough bullish momentum for me to decide to be bullish on the market even near-term. The conditions are ripe for a major downtrend from this point forward but we just need to sit this out and wait for BTC/USD to face rejection at the top of the symmetrical triangle.

We have the same situation with the stock market. The NASDAQ 100…

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