BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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
Comment: 0.618 Fibonacci retracement comlete - 10341.99 USD
Next stop MA 200 Daily
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


This is comedy right? 🤣
+6 Reply
Fox666 CryptoGoat001
@CryptoGoat001, No, I'm serious. All are very bullish. Fear&Greed index 64 is greed. How many people now believe it will fall?
+3 Reply
@Fox666, look boob 64% is not high when trend reversal is just happening after being in. Long bear market. Are you new to TA? Lol
vx7777 Darkside999
+1 Reply
Jbergene Darkside999
@Darkside999, well this didn't age well
+2 Reply
Looks like you draw falling fractals on your last 10 charts. Not very credible if you keep drawing it in every situation :D
+2 Reply
Very possible. Nice charts. Dont listen BTC fans. BTC is not Bitcoin after segwit in 2017. BTC will slow dead. BSV will replace BTC in future.
+1 Reply
Fox666 astromaniak
@astromaniak, thank you, i think the market needs to bleed more and mainly get rid of altcoins that have no future.
+1 Reply
What is your opinion now?
Fox666 Milos1902
@Milos1902, If it doesn't get above 10500, it's still bearish.
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