Fox666
Short

Capitulation is coming

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Currently we could be in wave III .
If BTC breaks through $ 8,900, we'll see a big fall.
If the BTC does not exceed 10500, the analysis is still valid.
Comment: In both charts, we are already below the trend line. This suggests a coming crash.
Logarithmic chart
Linear chart
Comment: BTC tested the MA 50 Daily (MA 300 4h), MA 200 4h and the declining trend line as well as the growth trend line from below. Furthermore, we can observe a descending triangle formed by a thin dashed line and a blue horizontal line (Accumulation stop loss).
Comment: Dominance BTC is in the key zone.
Comment: BTC still failed to return above the dashed trend line.
Comment: Bullish signal? We haven't created a higher high yet. But Ethereum has already created a higher high. It is therefore likely that BTC will soon create a higher high as well. Then we can talk 100% about the bull run.
Comment: Bull market start now.

Comments

Same chart you just keep moving the date forward with an arrow shooting straight down. We could see a BTC price adjustment but not to 3500. You trippin son.
+2 Reply
Fox666 tsppm
@tsppm, Yes, still the same chart, because I haven't changed my mind since November 2019. Before COVID.
+1 Reply
New analysis?
Reply
It’s stuck in limbo.. I’m afraid that we are going down hard
Reply
IDK, i'm personally not convinced about bull run.. something's wrong here.. hmmm
Reply
Fox666 Milos1902
@Milos1902, Well, honestly, until we reach ATH, we can only speculate and think it's ABC supercycle correction. It's easier to wait if we keep 10500, if not, it's wrong. For now, we hold.
Reply
Hi! how is my idea? (its based on your idea :)
Reply
Falling to 4K is so strange if a strong fundamental reason does not occur. However, I think the Bitcoin market will be bearish for at least 3-4 weeks and it will be possible to see 7K channel. Here is my last idea.
Reply
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