Decodingthemarket

#Bitcoin Arch formations Update

Short
BITSTAMP:BTCUSD   Bitcoin
NO PAIN, NO GAIN!!
The possible correction before heading to the top of arc #4
based on the arc #3 told us that 69k was the top of the arc cycle
and confirming the exit passing under the arc entering the arc #4
if "ONLY IF" My previous TA I shared on March 30th and my update on April13
(Critical Days Ahead) succeed
a correction may occur falling from 31k-20k (Blue Box)
but first short term 37.4k-34k (green area) must succeed check my previous 2 TA I mentioned before to see levels

NOTE: RSI is currently 45 if breaks below 43.73 (Red Horizontal Line) or 40
Must likely RSI fall to 20 level and Bitcoin price will entering in a correction fase as I mention before falling from 31k-20k
NO PAIN, NO GAIN!!

NFA
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Comment:
NOTE: Price Line Extension ( Green) is Only a Visual Representation how Price May Move in the Near Future
with Unknown Specific Time Frame Depending on the Speed of the Price and Variables of the market

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