BTC to around 2.6k !!!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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. :)
Comment: I have to say I haven’t checked the time, so it’s not necessary that it happens at the end of August.
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.
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.
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.
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.

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).


New update.

2014 chart

great work @Andbcoin, keep it up
+1 Reply
Andbcoin HamadaMark
@HamadaMark, Thanks so much! I really appreciate it! :D
isn't the 3rd Elliott wave supposed to be the longest? Either way, I don't believe we will go that low.
Andbcoin siLve_R88
@siLve_R88, It is the longest, in fact. Check the price of wave 3 and the price of the rest of them. I’ve calculated it.
And well, we can go there, yes. Wave 5 is 123% retracement of wave 1. This is so possible that ETH did it in 2017, and BTC did it in 2014.
Andbcoin siLve_R88
@siLve_R88, BTW, if you mean long regarding the line, it’s also possible. Wave 1 or 5 can be longer than Wave 3, but they both can’t. I can’t post the link here, but I’ve read it.
siLve_R88 Andbcoin
@Andbcoin, I believe you. Really, the reason I don't believe we'd go that low is because the market is different now. A lot more volume, money and people behind BTC in comparison to 2014.
Andbcoin siLve_R88
@siLve_R88, Well, you’re right and not. Volume is higher than in 2014, but the sentiment is the same with 100 people buying than with 1,000,000. In the end, psychology plays the same role in everyone’s head and the average will lead to the same point. It’s just an opinion. :)
+2 Reply
@Andbcoin, No, that's a fact, volume doesn't explain everything. It's just one piece of the puzzle.

You could have billions of people in a market, but if they mostly sell or short then price still goes down. So you can have high volume but lower prices.

Sentiment matters, but that's also one piece.
+1 Reply
Andbcoin Pivotologist
@Pivotologist, Totally agree! ;)
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