After doing some maths from 2014 chart, looking at monthly and weekly Bollinger Bands and MACD (see previous post), looking at weekly 200MA line, and calculating a 123% extension of Wave 5, I can see a clear real bottom at around 2.6k. You can call me crazy or whatever you have in your mind, but it’s very possible that it goes to this point.
I have to point out I’m not either a bear or a bull. Well, yes. I’m a bear now because I’ve done my homework and I know it goes down. But when it touches the bottom, I’ll be bull. So avoid saying I’m a bear and so, I’m biased.
It’s just an opinion. I’m not responsible of your actions.
That said, have a good time and be cautious. :)
I have to point out I’m not either a bear or a bull. Well, yes. I’m a bear now because I’ve done my homework and I know it goes down. But when it touches the bottom, I’ll be bull. So avoid saying I’m a bear and so, I’m biased.
It’s just an opinion. I’m not responsible of your actions.
That said, have a good time and be cautious. :)
Comment:
This line is above the target. It doesn’t mean it will go to 2.8k. I just saw a strong resistance there and I wanted to set it there. A spike to 2.6k (below resistance) is possible. 200 or 300 dollars is nothing for BTC. :)
Comment:
Don’t get fooled, guys. Bots are manipulating BTC to create FOMO so unexperienced people get in the pump. Once the price is above the price they want, bots sell and those people get rekt and lose money.
Gravity will keep pushing BTC down, since RSI has risen up aggressively. It means manipulation.
Gravity will keep pushing BTC down, since RSI has risen up aggressively. It means manipulation.
Comment:
My idea is still valid although this manipulated pump has taken place.
News from professionals say we have to prepare for BTC to go under 5000 dollars.
News from professionals say we have to prepare for BTC to go under 5000 dollars.
Comment:
New update.
MAs act like magnets, and the price went too far from these magnets, what makes me think it will go to these levels.
An how can I imagine it?
See 2014 and 2018 chart and see the similarities.
MAs act like magnets, and the price went too far from these magnets, what makes me think it will go to these levels.
An how can I imagine it?
See 2014 and 2018 chart and see the similarities.
Comment:
I put the purple line there because even I see the red line still going up to turn down afterwards, in 2014 I see a spike going below the line, what indicates the possibility of it going a bit under the red line (200 MA).
Also, there will be a big pump before touching 2.6k, and it doesn’t mean BTC will have touched the bottom yet.
Again, be cautious and I’m not responsible of anything if someone decides to follow my TA.