I wasn't even looking at Bitcoin but opened this chart to check some numbers in relation to ETCBTC, which is ultra-bullish right now and what do I see?

Bitcoin just lost ALL support on the weekly timeframe.

There is only the wick from the 5-Aug. week that's been lower since February. Bearish bias, bearish potential, bearish continuation confirmed for the 300th time.

What is happening is nothing new. This is something that has been in the making for the past six months. Bitcoin gave the first massive, impossible to ignore signal on the 5th of March, six months ago, with the highest bearish volume session on the daily timeframe in years.

The action has been bearish, sideways, down, lower highs and lower lows... The chart tells us the tendency, the market will make up the event that will be the catalyst that produces the crash that we've been seeing developing for so long. #Write2Earn! #btc $BTC