Hello guys, from the holidays here a BTC chart ... "December Matrix" (see vertical lines every December): *** ATH = December 2017, *** last low = December 2018 *** next high = December 2019 Currently wave 5 is running (from the blue a), which should be ended either at the beginning or at the end of July. The first next resistance zone is between 11553 &...
April should show some weakness, but generally speaking, I see the DAX fall from the middle of the year and below 10K by the end.
But closes EURAUD below 1.6305 (daily), that would be the first indication of falling prices.
This and next month, I look at every weekly-deep to go long... Direction: the red cloud.
The only condition for this scenario is that there is no weekly closing price below 74.6. The first profit tomorrow @ 75.5 Good luck!
Longer term either over $ 100 or under $ 20. Note: the cycles are not negligible!
If BTC does not fall under 1917, then everyone can be glad, because even deeper could not be excluded. (See red dashed lines below 2K on the chart.) This scenario would negate the closing price on a weekly basis over 14500.
Next week should have a lower low than this week, and provided there is no closing price below 1.334 (Weekly/Daily), then long.
I have 2 paths: pink and blue. Which one will prevail depends on whether or not we will see the break and closing price on a daily basis over the red line @ 26792.7. If not already today, then at night or tomorrow, a short between 25600 and 637 would be conceivable. Another low would overhaul this view, but nonetheless I would still allow this scenario for the time being.
Initial confirmation of falling prices would be break and closing (daily) under 1.7090 with first Target at 1.6774
If I'm right, then next week, should have a higher high than this week.
EURGBP is on the watchlist! It may well be that he still has a little more room ...
Further weakness is to be expected!
You have to stretch out the chart to see what is currently running.