BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD unless we break to the new low below 5700 this idea is much more valid .. we are forming symetrical bullish triangle on higher time frames since our drop from 10k and we are going sideways in heavy acumulation zone now the point is pretty clear either we would see a move up and break the 200ma on 1D to support this theory or complete drop down below out main support at 5700 but since the Q4 is around the corner and we have been dumping quit for some time now the scale has to balance and we should either move to 12k even if the target is a new low to 4XXX. because a rule of thumb nothing will keep going down and nothing will keep going up.
10000000% agree with this, but thats just my opinion
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kevin81q kevin81q
if this plays out we will be hitting this strong down trend line in a extreme oversold condition market wide, with our strongest wave possible which is a wave 3. Wanna hear my boldest prediction: Wall Street will panic in a way we have a tendency of calling FOMO!!!!! They will trip over themselves to get in which is going to do do some amazing things.
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UmairEjaz kevin81q
@kevin81q, now we wait for btc to close candle above 200 ma on daily to solidify this triangle up target
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