Big Brown Wedgie in Play

7 Jul 2018

I had published this chart during the number 3 candle in the Tom Demark Sequential yesterday, but it had to be made invisible because of two bad words. Nevertheless, this dirty brown wedgie and piss channel pattern is playing out rather closely to where I expected. If we make it past the white line, consider it *achievement unlocked* but this is looking less likely with every hour. The volume is weak as well. Unless we get one of those freak rallies that we sometimes get on Sundays, bitcoin is either going to crap sideways out of this wedgie, or the market will release its grip of bitcoin's underpants and let it drop the loaf it's been trying to pinch off. I am staying out of this mess, so as always, take my charts with a grain cold, fetid piss.