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UsernameChief
Feb 20, 2021 4:50 AM

Has bitcoin reached its top? 

Bitcoin / US Dollar IndexBitMEX

Description

First of all this was me doodling and playing with the chart so please don't get to fired up I'm a noob and this was something i came upon. Each btc/usdt bull run has been the five waves up followed by a large correction. Bitcoin is currently on that last wave in this bullrun. Will it end here at this trendline from the first bullrun and have a large correction? Is it plausible that it can correct this far this time round? im not sure an 87% correction will happen this time but have we or are we nearing the top and due for a major correction? With the RSI, MACD and Stochastic indicators peaking as well. As i said im just a noob and putting my thoughts to paper.
Comments
UsernameChief
As I said mate I’m a noob at TA so it’s not gospel
UsernameChief
jk
Bucholta
ofcourse it has. just like it reached the top @ 19k, 28k, 44k, 52k, so now the top has been reached again🙃
UsernameChief
@Bucholta what you reckon mate. Wasn’t a bad guess at all
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