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nagihatoum
Mar 9, 2020 8:45 PM

BTC where is the bottom? Short

Bitcoin Liquid IndexBrave New Coin

Description

Each EMA/SMA previous strong support can be the bottom. Beyond MAs is the last CME gap at 3565 and the 2018-2019 all time low.

Comment

none of the ema/sma provided support. Price action looks like it will head to price point 4.
Comments
calebga
I recall seeing an elliot wave analysis over the entire history of btc not too long ago. There were two possible results, either 5k mid 2020 or 1k. When you look at the entire history, it really seems like btc is following textbook EW....over a freaking decade. I guess that makes perfect sense considering that it's purely a speculative asset, depending more than normal on human psychology. I consider this pretty powerful and something I'm keeping my eye on
PurpleCrypto
@calebga, Here's a different type of analysis.

ProjectSyndicate
this is good. thanks for sharing your chart.
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