Bitcoin Kraken woke up

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Update Idea We are in wave (c) supercycle
Today we witnessed an epic downfall.
Black Friday, the 13th, discounts up to 63 percent

BTC has broken the long-term trend line and WMA 200. We have to be careful where the weekly candle closes.
Chart is in balance, I therefore expect a strong retracement (wave II).
Wave I could be completed
Wave II (7200 USD) can test 0.618 fibonacci retracement from 10500 USD, there is a WMA 100, WMA 77, monthly resistance, weekly resistance
Wave III (2500 USD) weekly support
Wave IV (3800 USD) can test Wave I
Wave V (1650 USD) can close the GAP 1350 - 1830 USD
Comment: Buying opportunity, at RSI we see bullish divergence, we create wave II. It could reach 7200 USD. In the area it is also WMA 100 (4h MA 4200), WMA 77. And not to forget the WMA 200 at $ 5500. Fear & Greed Index - 9
Comment: Nice profit, wave 2 could be completed. Followed by wave 3 (capitulation), which could be somewhere at 2500-2200. It is about 65 to 70 percent crash from today's peak.
Comment: Wave 2 is now probably completed. Peak 7139 USD was subwave 3 waves c. Now we are probably in wave III.
Change of FINAL TARGET 2 = 1427 USD (Wave V)
Comment: Waiting for response 50 day moving average
Comment: On the chart is created rising wedge
At 2h chart form nice bearish divergence
BTC tested MA 50 Daily
Comment: We could test a long-term trend line on a linear chart.
Comment: The rising wedge bottom line has been broken.
Wave II was probably completed.
50 day moving average has been rejected.
Now we are probably on wave III and see an epic fall below 3000 USD.
Comment: BTC is trying to get above the MA 50 Daily. It will be very important where to close this candle. If he closes above the MA 50, there is a chance that we will see the rally somewhere at 8000 where the MA 200 Daily is located. If we can't keep 7000, we'll probably see the epic crash below 3000.
Comment: BTC closed the daily candle above MA 50. He's holding it, but there's MA 55 Daily right above us. I slightly adjusted the downtrend channel. Since the largest indices are reaching the target and ready to fall, crypto is likely to fall very soon.
Comment: BTC is likely to complete the top line of the downtrend channel


wave 5 complete but upside not complete in daily(wave time Remaining): either make extended wave 5 OR X then Y up above current high:)
+3 Reply
Hi. You have a great insight People laughed at you, but you were right after all along I am also watching 2k

Do you still think this place is a high point? want to hear your thought.
+1 Reply
Fox666 reverie153
@reverie153, it could be the top or we'll see the wick at 7360 USD
+1 Reply
@Fox666, Thank you for your kind reply

if Bitcoin in 1-2k, Are you optimistic after that?
Fox666 reverie153
@reverie153, I think the bottom will be 1350 to 1830, don't rely on 1000. 2500 to 1500 is an extremely super price. There is likely to be a reversal pattern, such as a long wick with extreme volume. Then I see it for several months of consolidation and gradual growth.
+1 Reply
@Fox666, Yes, I think so, too.

I'm looking at about two thousand dollars.

Have a nice day and make a profit.

Thank you for your answer.
+2 Reply
2000 would be an awesome price. but your still confident it will be up by the end of the year? and what is your peak price and date?
jokercvb jokercvb
@jokercvb, ....of the next bull run
Fox666 jokercvb
@jokercvb, No price yet. When we reach the bottom, we will speculate on higher prices. But don't worry, you'll make a lot of money :)
jokercvb Fox666
@Fox666, sweet. Im ready on GBTC
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