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Radzieoon
Mar 17, 2021 10:15 PM

BTCUSD ~2 weeks to the top on weekly 

Bitcoin / U.S. dollarBitstamp

Description

Perfect top scenario on daily/weekly:
  • Possible TD weekly 9 in ~2 weeks
  • Possible TD daily 9 in 9 days
  • Bearish RSI divergence on weekly
  • Possible multiyear respected trendline hit exactly at TD tops (76-78k)
  • Possible minor significant fibonacci (from 3850 to current ATH at ~61.8k) extension 1.272 hit at 77k (not shown here)

To sum up in my most probable scenario I'm expecting the top to be at 76-78k or more loosely at 72-80k on 25th-27th of March. Then around 3 month correction to 28-40k levels with a month consolidation at the bottom and then run to ~150k to hit the trendline again. What happens then depends on the time BTC gets there, but I wouldn't be surprised to see another traditional pump at Christmas time.
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