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 a.
If wave (b) returns more than 61.8%, it's wave a and wave c fails
wave c = (b)
Supercycle 10 Year
When dominance rises, the price falls.
ETHBTC - Mirror image dominance BTC.
Dominance is in an extremely oversold zone.
It follows bitcoin down, altcoins a lot down
NVT indicator signals epic fall
Previous parts of the series
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 a.
If wave (b) returns more than 61.8%, it's wave a and wave c fails
wave c = (b)
Supercycle 10 Year
When dominance rises, the price falls.
NVT indicator signals epic fall
Previous parts of the series
Comment:
Dominance rises, the price falls.
Comment:
NVT indicator has broken the long-term trend line
Comment:
Change of FINAL TARGET 2 = 1427 USD (Wave V)
Comment:
The bottom could be in the week from 13.7. 2020
Next stop MA 200 Daily