Hello Folks,
Exciting Times Ahead! I am seeing multiple indicators showing me we are nearing the end of this correction and I am here to explain why I think so!
1) We have the "C Leg" of our Elliot Corrective Wave approaching the oh so sexy 0.618 Golden Fibonacci Retracement level, and if this holds as a support level, then I will be very bullish on BTC for the next two to three months. If not and it breaks through ..... game over everyone. Bubble has popped. Sell your bitcoin and go home (while I secretly become the biggest btc bagholder).
2) The next indicator thats giving me a bullish signal is the bullish divergence forming on my Stoch. Price action is telling us there is a down trend (lower lows), but on the stoch, were at a point that could either 1) hold and form a higher high (which would mean the bears are losing strength) 2) breaks through again and everything becomes false.
So remember folks, buy the rumor....sell the news. Pretty much all news sources are blasting the btc bears right now so I think you know what is soon.....only time will tell!
Exciting Times Ahead! I am seeing multiple indicators showing me we are nearing the end of this correction and I am here to explain why I think so!
1) We have the "C Leg" of our Elliot Corrective Wave approaching the oh so sexy 0.618 Golden Fibonacci Retracement level, and if this holds as a support level, then I will be very bullish on BTC for the next two to three months. If not and it breaks through ..... game over everyone. Bubble has popped. Sell your bitcoin and go home (while I secretly become the biggest btc bagholder).
2) The next indicator thats giving me a bullish signal is the bullish divergence forming on my Stoch. Price action is telling us there is a down trend (lower lows), but on the stoch, were at a point that could either 1) hold and form a higher high (which would mean the bears are losing strength) 2) breaks through again and everything becomes false.
So remember folks, buy the rumor....sell the news. Pretty much all news sources are blasting the btc bears right now so I think you know what is soon.....only time will tell!
Comment:
Bears are blowing by the bulls right now, breaking the .618 test. Looking to see where next support will hold.
Order cancelled