DROP me a like PLEASE!
This is an update I believe worthy of a extra publication. I do believe that we will
see BTC price break down as the chart shows, but truly only time knows?!?
In this update we have that same head and shoulder, and rising wedge break down as
first published on June 30th 2020.
In the chart it shows the head and shoulders pattern has progressed from lower time
frames now into the 4 hr charts.
The rising wedge break down is in the process of an ABC correction, which also is
forming the last half of the right shoulder.
Then there is the purple line in the holy grail indicator. The strongest cross over signal.
It is positioned in place to finish the take down. Although i do believe price will probably
rebound near the purple line, before it is finally breached price. Which would
bring BTC down in price, to its next major support near $7726.
The MACD is below the 0 line which is bearish.
LOOK out BTC the BEARS are COMING for YOU!
Please drop me a like for my time in putting this together for you THE PEOPLE! Thanks!
This is my first posted idea in 30 Min chart on June 30th
This is an update I believe worthy of a extra publication. I do believe that we will
see BTC price break down as the chart shows, but truly only time knows?!?
In this update we have that same head and shoulder, and rising wedge break down as
first published on June 30th 2020.
In the chart it shows the head and shoulders pattern has progressed from lower time
frames now into the 4 hr charts.
The rising wedge break down is in the process of an ABC correction, which also is
forming the last half of the right shoulder.
Then there is the purple line in the holy grail indicator. The strongest cross over signal.
It is positioned in place to finish the take down. Although i do believe price will probably
rebound near the purple line, before it is finally breached price. Which would
bring BTC down in price, to its next major support near $7726.
The MACD is below the 0 line which is bearish.
LOOK out BTC the BEARS are COMING for YOU!
Please drop me a like for my time in putting this together for you THE PEOPLE! Thanks!
This is my first posted idea in 30 Min chart on June 30th
Comment:
If BTC breaks out upward and holds support over $9115 this idea could be considered invalid.
Comment:
In Elliot waves theory wave 5 should test the bottom of wave 3 just like this example we have here.
Comment:
I found it most likely retrace to $7220 here is the edit sorry sometimes I rush...
Comment:
Moved the light blue wedge around to match price movement small adjustment. As well as turned the ABC correction to the proper WXY correction.
Comment:
The picture got a little distorted above. Here is a fixed copy.
