Update on my previous ETHBTC and ALTCOIN PROJECTION. ETH/BTC target hit. Confluence of multiple 1:1 extensions and -.236 extension. BTC/USD is on a sell Tom Demark 9 on the hourly, 4 hour, and 12 hour. The daily chart is printing a combo 13 sell signal as well. Also, NVT signal ratio for BTC is reaching near all time highs set back in December 2017. ALSO! Fear...
Chart shows the higher degree ABC correction represented by the Purple ABC. In the short term (this week or the next) BTC will push up close to 6k, and then ETH (and most alt coins) will follow an upward path shortly after. As signified by the purple "C", the end of short term "bull" market will end somewhere between August 3rd through August 30th. After the...
Details to come. Posting chart for now.
First time posting an idea to trading view. Read the chart's description for proposed position and reasons. 1) NVT signal (woobull.com) shows bitcoin is over valued. We cannot enter a new bull market when this indicator shows over valuation of price. Retail investors need to be convinced we are bull before BTC can go to sub 6,000. 2) Crypto market moves mostly...