Guys, everything is pointing down on the weekly chart.
- The last weekly candle is red and engulfing the previous candle
- We are below the 21 EMA, which i consider the mid point of any swing
- ADX is cooling from and absurd level. Haven't seen it this high values ever in other markets (meaning extreme bubble levels)
- MACD is pointing down from an absurdly high level (meaning extreme bubble levels)
BEST CASE SCENARIO FOR BITCOIN BEFORE STARTING THE NEXT BULL CYCLE IS MOVING SIDEWAYS FOR FEW MONTHS.
WORST CASE SCENARIO BELOW A 1000 DOLLARS.
So lets just take a mid point of all of this analysts. I would say 3k bitcoin at the end of this year.
Hope all the people that got in at high levels aren't holding this.
- The last weekly candle is red and engulfing the previous candle
- We are below the 21 EMA, which i consider the mid point of any swing
- ADX is cooling from and absurd level. Haven't seen it this high values ever in other markets (meaning extreme bubble levels)
- MACD is pointing down from an absurdly high level (meaning extreme bubble levels)
BEST CASE SCENARIO FOR BITCOIN BEFORE STARTING THE NEXT BULL CYCLE IS MOVING SIDEWAYS FOR FEW MONTHS.
WORST CASE SCENARIO BELOW A 1000 DOLLARS.
So lets just take a mid point of all of this analysts. I would say 3k bitcoin at the end of this year.
Hope all the people that got in at high levels aren't holding this.
