We just tested probably the most important point. There are a lot of extremely cross resistance. Be very careful. We tested the top line rising wedge. Then here we have WMA 21 at 7800, which was the main support for the uptrend We tested the resistance zone in the red oval. MA 77 Daily We tested the long-term trend line on a linear chart This is how i see the bottom
Crude oil experienced an epic fall of 83% this year. Maybe we'll see a new all time low.
Before the new bull run begins, we must see the capitulation and a lot of blood on the market. The bottom could look like a long weekly candle with a wick of 1650-1420 USD and closing above 2200 USD. BTC will test 10 Year Moving Average (approximately 2200 USD in July 2020) Final Target 1 = 2203.24 USD Final Target 2 = 1642.83 USD GAP 1320-1815 USD
Target 1 = 11.85 USD Target 2 = 7.47 USD
Target 1 = 9.776 USD Target 2 = 5.184 USD
In the coming weeks we will see an epic fall of about 65 to 75 percent of the current 6000 USD.
Update Idea We are in wave (c) supercycle Today we witnessed an epic downfall. Black Friday, the 13th, discounts up to 63 percent BTC has broken the long-term trend line and WMA 200. We have to be careful where the weekly candle closes. Chart is in balance, I therefore expect a strong retracement (wave II). Wave I could be completed Wave II (7200 USD) can test...
BTC has broken the long-term trend line Wave I could be completed Wave II (7200 USD) can test 0.382 fibonacci retracement from 10500 USD, there is a WMA 100, WMA 77, monthly resistance, weekly resistance Wave III (3400 USD) can test the bottom dec 2018, monthly support Wave IV (4200 USD) can test resistance dec 2018 - mar 2019 Wave V (1650 USD) can close the GAP...
Target 1 = 8.48 USD Target 2 = 4.95 USD
Target 1 = 16.4 USD Target 2 = 8.8 USD
Target 1 = 22.9 USD Target 2 = 14.17 USD
XRP can fall to the bottom of the wave (II) Target 1 = 0.03339 USD Target 2 = 0.02488 USD
BTC breaktrough WMA 50, WMA 21, DMA 200 and strong support 8500 USD. Bitcoin has created head and shoulders - Target 6690 USD There is still a long-term trend line of approximately 7650 in the way.
8500-8600 USD strong support 4h MA 2100 = W MA 50
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...
Potential rally 10760 - 11528 (12000)
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART III Final Target 1 = 2203.66 USD Final Target 2 = 1498.69 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 ...