TradingView
Fox666
Feb 15, 2020 8:41 PM

THE BEAR MARKET CONTINUES PART IV Short

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

⋅
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
Wave AnalysisElliott WaveTrend Analysis
Comments
Supermannnnnn
⋅
This is comedy right? 🤣
Fox666
⋅
@CryptoGoat001, No, I'm serious. All are very bullish. Fear&Greed index 64 is greed. How many people now believe it will fall?
Darkside999
⋅
@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
⋅
@wildbeast, lol
Jbergene
⋅
@wildbeast, well this didn't age well
Token329
⋅
Looks like you draw falling fractals on your last 10 charts. Not very credible if you keep drawing it in every situation :D
astromaniak
⋅
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.
Fox666
⋅
@astromaniak, thank you, i think the market needs to bleed more and mainly get rid of altcoins that have no future.
Milos1902
⋅
What is your opinion now?
Fox666
⋅
@Milos1902, If it doesn't get above 10500, it's still bearish.
More