Long

BTC.. RETURN TO THE MEAN !!!

Updated

LOOKING BACK AT HISTORICAL CRASHES/ BIG CORRECTIONS..IN EACH OF THEM THERE WERE SEVERAL BOUNCES (DEAD CAT BOUNCES??) FIRST 50 MA THEN 200 WMA AND SOMETIMES A BOUNCE FROM 200 IN MORE DRAMATIC CORRECTIONS..

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as I expected earlier the dump ended and we bounced of wma 200 and now on the way to second dump zone around 50 MA which will take us below 200 MA around 8K in the coming weeks/months.

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However if we break the trendline and push strongly higher than 50 MA then this idea will be invalidated and the bear market/correction would be over and new ATH on would be on the horizon..

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This one aged well.. it was according to 2013 april crash scenario..The projected 200 MA is slightly accurate..and there is a small dump there then a final bounce...watching it closely..as more and more speculators signaling a market return..

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elshanti

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