BitcoinShort
THE BEAR MARKET CONTINUES PART IV
Updated
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART IV
BTC will test 10 Year Moving Average (approximately 2200 USD in July 2020)
Final Target 1 = 2203.66 USD
Final Target 2 = 1636.72 USD
GAP 1350-1830 USD
Right Fibonacci Extension wave (c)
Left Fibonacci Retracement wave (a)
Wave (b) returned more than 61,8% of wave (a), it's wave a.
If wave (b) returns more than 61.8%, it's wave a and wave c fails
wave c = (b)
Supercycle 10 Year
When dominance rises, the price falls.
ETHBTC - Mirror image dominance BTC.
Dominance is in an extremely oversold zone.
It follows bitcoin down, altcoins a lot down
NVT indicator signals epic fall
Previous parts of the series
BTC will test 10 Year Moving Average (approximately 2200 USD in July 2020)
Final Target 1 = 2203.66 USD
Final Target 2 = 1636.72 USD
GAP 1350-1830 USD
Right Fibonacci Extension wave (c)
Left Fibonacci Retracement wave (a)
Wave (b) returned more than 61,8% of wave (a), it's wave a.
If wave (b) returns more than 61.8%, it's wave a and wave c fails
wave c = (b)
Supercycle 10 Year
When dominance rises, the price falls.
ETHBTC - Mirror image dominance BTC.
Dominance is in an extremely oversold zone.
It follows bitcoin down, altcoins a lot down
NVT indicator signals epic fall
Previous parts of the series
Note
0.618 Fibonacci retracement comlete - 10341.99 USDNext stop MA 200 Daily
Note
Dominance rises, the price falls.Note
NVT indicator has broken the long-term trend lineNote
Change of FINAL TARGET 2 = 1427 USD (Wave V)Note
The bottom could be in the week from 13.7. 2020
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