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Fox666

Capitulation is coming

Short
Bitcoin (BITSTAMP:BTCUSD)  
Fox666 Updated   
BITSTAMP:BTCUSD   Bitcoin
Elliott Wave Trend Lines Moving Averages
13
8
elliottwaves trendline movingaverage
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
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Linear chart
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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).
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Comment:
Dominance BTC is in the key zone.
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Comment:
BTC still failed to return above the dashed trend line.
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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.
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Comment:
Bull market start now.
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