Bitcoin update 1 month

The 5-Layer model shows that the bitcoin will continue to go down at least until end of February 2018

5-Layer Model Description

The 5-Layer model provides future price directions in 5 different resolutions:

 (1) Yearly model,        (Dark Blue),   corresponds to a ~250 bars detrended cycle

 (2) Quarterly model,  (Light Blue),  corresponds to a ~100 bars detrended cycle

 (3) Monthly model,    (Green),          corresponds to a  ~50 bars detrended cycle

 (4) Weekly model,      (Orange),       corresponds to a  ~20 bars detrended cycle

 (5) Daily model,          (Velvet),         corresponds to a  ~10 bars detrended cycle