- Look for wave ii bounce to $9k before heading lower
- Wave iii should get back to the ~$7400 region which was resistance before
- Wave iv bounce back up to ~$8000 (which is resistance now)
- Wave v destroys all bull hope as we head to $6000, potentially down to $5000
confluences:
- this would get us a 78.6% retracement from the larger $3k -
14K move
- this also forms what would be a HUGE falling wedge
if this is right, we'll get some unbelievable opportunities to buy around $5k-$6k in the early 2020 timeframe.
this sets up perfectly to start moving up going into the halving in May, and then skies the limit for
BTC (easily back to $20k, more than likely closer to $50k - $100k).
NOT FINANCIAL ADVICE. this is most likely incorrect and not going to happen.
- Wave iii should get back to the ~$7400 region which was resistance before
- Wave iv bounce back up to ~$8000 (which is resistance now)
- Wave v destroys all bull hope as we head to $6000, potentially down to $5000
confluences:
- this would get us a 78.6% retracement from the larger $3k -
14K move- this also forms what would be a HUGE falling wedge
if this is right, we'll get some unbelievable opportunities to buy around $5k-$6k in the early 2020 timeframe.
this sets up perfectly to start moving up going into the halving in May, and then skies the limit for
BTC (easily back to $20k, more than likely closer to $50k - $100k).NOT FINANCIAL ADVICE. this is most likely incorrect and not going to happen.
Note
but in other news: twitter.com/ColeGarnerBTC/status/1196607541196648449miners starting to capitulate... meaning we could easily see a drop to $6,000 pretty soon. last time miners capitulated, we very quickly dropped from $6k -> $3k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.