groveguy

Bitcoin vs COVID19

BITSTAMP:BTCUSD   Bitcoin
Hi,
As you see the chart is pretty self explanatory but I think words have their own importance so let me guide you what means what?
1. You see two green trend lines they are in coordination to ABC correction as we have now discovered that the run from 3150 to 13900 was a HYPER B wave in reference to the ELLIOT wave theory. (It takes nerves to come out and say it but now I think I should have come forward long ago, please browse through my charts and you will see how I predicted 3000 target last year successfully)
2. MacD weekly Cross, I cannot emphasize more on this cross let me explain by saying that if you had traded these crosses blindly you could be rich by now.
3. RSI has also entered the Bearish Zone so any hope relies on, if it gets back above.
4. Targets are aligned what I expect.
5. Strategy? Dollar cost average yourself along all the horizontal lines that you see all the way down to the main target and OR the extended target. IF YOU BELIEVE IN BITCOIN, because the targets that I'm talking about will test your faith in the underlying asset.
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