Giving you an update to our previous bitcoin price prediction, in which we discussed how bitcoin might be entering its
fifth ((5) time scale) and final momentum wave down.
Looking at the bitcoin price right now, it seems to be that the correction wave 2 has ended, showing us
a beautiful zigzag pattern ((a)(b)(c)). Even though timing might be off, the prediction of 9800 USD was absolutely spot on!
It seems that we are now entering momentum wave 3, which ends near a price of approximately 6300 dollar. This is also a support area and
our previous low from February the 6th.
MACD and RSI both have room to go into lower regions. One note, the green trend line in the MACD oscillator has yet
to broken downwards. Prices could bounce and a close eye on the price is required.
Original post:
fifth ((5) time scale) and final momentum wave down.
Looking at the bitcoin price right now, it seems to be that the correction wave 2 has ended, showing us
a beautiful zigzag pattern ((a)(b)(c)). Even though timing might be off, the prediction of 9800 USD was absolutely spot on!
It seems that we are now entering momentum wave 3, which ends near a price of approximately 6300 dollar. This is also a support area and
our previous low from February the 6th.
MACD and RSI both have room to go into lower regions. One note, the green trend line in the MACD oscillator has yet
to broken downwards. Prices could bounce and a close eye on the price is required.
Original post:
Comment:
The ZigZag correction was elongated to be a WXY correction. Wave 2 is finished and we are now in wave 3.