BITCOIN ULTIMATE ROADMAP
Updated
Before looking the chart above, let's see what BTC did end of bear market at 2018?
1- Clear 5 waves to the downside (impulsive)
2- Market maker wick to fill their shorts (swing play)
3- RSI hit under 10 which is so rare
4- Length of 5th wave is range between 0.786-1.272 (length of wave 1)
5- Despite lower low on price action, higher high on RSI (divergence)
6- After that acumulation phase and trend change.
Similarities between NOW and 2018,
1- First 4 waves almost finished (3rd wave same magnitude with previous one)
2- Market maker wick to fill their shorts (swing play)
3- RSI hit under 13 (not exactly 10)
4- I am expecting 5th wave between 6500-5800 according to length of wave 1 (0.786-1.272)
5- If price drop for lower low RSI will give us divergence (high probability)
6- After that accumulation phase and trend change. (Hopefully) Because i am long term bullish
Thanks for reading... See you with other analysis...
1- Clear 5 waves to the downside (impulsive)
2- Market maker wick to fill their shorts (swing play)
3- RSI hit under 10 which is so rare
4- Length of 5th wave is range between 0.786-1.272 (length of wave 1)
5- Despite lower low on price action, higher high on RSI (divergence)
6- After that acumulation phase and trend change.
Similarities between NOW and 2018,
1- First 4 waves almost finished (3rd wave same magnitude with previous one)
2- Market maker wick to fill their shorts (swing play)
3- RSI hit under 13 (not exactly 10)
4- I am expecting 5th wave between 6500-5800 according to length of wave 1 (0.786-1.272)
5- If price drop for lower low RSI will give us divergence (high probability)
6- After that accumulation phase and trend change. (Hopefully) Because i am long term bullish
Thanks for reading... See you with other analysis...
Trade active
BTC is in buying area once again. This kind of price actions generational buy opportunity for me. Nothing financial advice. Do your own research please.Note
I forgot to write price here: $6600 12.17.2019Trade active
$6600 BTC and where we are at right now...
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