Perfect 50% retracement from wave 3 indicating a 4th wave relief rally.
Shorts skyrocketed on Feb 8th indicating short fill.
RSI has extreme hidden bearish divergence.
Alts have had massive rallies, some having the highest volume bar ever recorded.
LTC skyrocketing due to halving, so everyone is riding that train.
XLM showing signs of relief.
Mass amounts of Crypto on the move the past 3 weeks.
Price never even got to the 200D MA on weekly.
5th wave down would equate to $2,500 as a (hopefully) final price tag.
If this is 3rd wave down, it never reached the 1.618 so 3rd will be truncated and 5th will skip 1.618 straight to 2.618.
Price COULD go as high as $4,236 for a 2nd wave, then plummet through the 1.618 and the 200 MA straight to $2,450. Wicks as low as $2,100 possible.
LTC and other top alts will likely skyrocket if this analysis is correct. BTC value for alts will skyrocket meanwhile USD values will plummet.
WE BEAR NOW BOIS
Shorts skyrocketed on Feb 8th indicating short fill.
RSI has extreme hidden bearish divergence.
Alts have had massive rallies, some having the highest volume bar ever recorded.
LTC skyrocketing due to halving, so everyone is riding that train.
XLM showing signs of relief.
Mass amounts of Crypto on the move the past 3 weeks.
Price never even got to the 200D MA on weekly.
5th wave down would equate to $2,500 as a (hopefully) final price tag.
If this is 3rd wave down, it never reached the 1.618 so 3rd will be truncated and 5th will skip 1.618 straight to 2.618.
Price COULD go as high as $4,236 for a 2nd wave, then plummet through the 1.618 and the 200 MA straight to $2,450. Wicks as low as $2,100 possible.
LTC and other top alts will likely skyrocket if this analysis is correct. BTC value for alts will skyrocket meanwhile USD values will plummet.
WE BEAR NOW BOIS