Bitcoin : Bearish trend to start.

Bitcoin to find initial support at 40 k before gradually falling below 30k. As already mentioned, Bitcoin is risk on asset and will go up only if all other assets classes go up. Currently the macro economic environment seems to favor bears and hence all teh asset including bitcoin to move south wards. Also as per Fibonacci and wave pattern for Bitcoin in daily charts are also not encouraging. better to be on short side than on long one.