bitcoin will fall to 13k then 10K, dependint to the mtgox rehab plan
Bitcoin ($BTC) BTCUSD Brexit Currency war Stock market colapse Negativs rates global warming Water wars The SHIFTENING ! Halving US elections Hong Kong protests Yellow vests Bankruptcy Venezuela Petro = Need of decentralization, bitcoin value = hedge of the internet. Be careful.
The lack of volatility and volumes is becoming a problem to keep a bull trend. Bull momentum is ded and every resistances are becoming harder to break. I expect a rejection in a near term of a resistance maybe 7.2 or lower Bitcoin is gonna fall slowly until Septembre, a potential panic could occur and give a wick to 3K with a brutal V bottom. Btc should retest...
NOTE : Adjust the scale on the right to match the angles with the trends. Compared with the last bubble btc burst, powered by the MtGox Bots... And the potential previous "usdt printing".... We could be only in the middle of the correction. Supposed to keep same slow bleed without major fud. BTC could bottom at 5k. And start a real bull trend in Feb...
This is my prevision that my crystal ball gave me. Look at the Yellow Asc. Wedge... It will be completed when btc will touch the red line, then btc will break down the wedge. Details : 1. The cup and handle will shoot Btc to 11.7 on the green neckline of the IH&S. 2. Bounce on the green line 3. btc breaks the resistance and the Meme line of the bear trend...
This is my prevision that my crystal ball gave me. Look at the Yellow Asc. Wedge... It will be completed when btc will touch the red line, then btc will break down the wedge. Details : 1. The cup and handle will shoot Btc to 11.7 on the green neckline of the IH&S. 2. Bounce on the green line 3. btc breaks the resistance and the Meme line of the bear trend...
Everything is in the chart. The "bullish falling wedge" : failed To confirm that figure trend must be hit 5 times ( 2 support and 3 resistance, or vice versa) On log chart we see a bull flag : failed So BTC will follow the pink curve and fall straight to 5k in only few days. Panic time is soon.
BTC and BCH are linked by an huge market cap, it's battle to get the 1st Place. The challenger BCH tries to keep growing, and we can clearly see a link between movements of each others. We can expect a pump in few hours of BCH and a dump of btc. For BTC it could be a wave C going to 4900. BCH could break up if miners switch to it.
As we can see Safex follows perfectly Fibs. We can expect a pump soon if RSI rise up 50%, If not the coin will stay in a long period down. Good point : high volatility is possible, increasing volumes + coin cheap.
Bch is describing an Elliot wave, huge correction will happen but still on an uptrend market on long term.