soundscapesss

Significant Confluence for Bitcoin to 20k. Change my mind.

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS

3d Money Flow Index going Red

Following the 3d chart further from my previous idea, you can now see the money flow index is about to cross over into the red. Historically, this has only happened four times in Bitcoin's history and each time has been followed by a massive dump.
Comment:

Fresh Blood Diamond on Daily

Comment:
Fresh red dot on the 12hr, money flow is in the red, VWAP is trending down, and most importantly blue momentum waves are leading down.

Comment:
Beginning Elliott Wave C on the 3D chart suggesting a 38k point of dump with an end target of 20k. Yellow bars added for length comparisons of waves A and C.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.