Kenneth7

BTC - Great Ascending will come.

Long
BITMEX:XBT   Bitcoin
Hi guys.

In my opinion a Great Ascending will come end of December there are some reasons you guys can check.
However this scenario comes true BTC must be falling down above 6500.

The reasons why.

1. RSI value was above 20 also it was double bottom.
2. if BTC price is above 6500 then RSI value never fall down above 20, this will make a Bullish Divergence.
3. Now everybody says “BTC will be falling down 5,500 as Fibonacci 0.736 or lower price.”
As you guys had experienced before 3,000 area everybody said “1,800 will come”
But it never happened and nobody can imagine BTC pumped to 13,800.
4. Amount of CME shorts will not roll over for next month it means BTC pump will be started from 20th to 25th of December.

The Bullish scenario is based on Elliott's Wave Principle and Fibonacci.
1st Target : 8500
2nd Target : 10,000
3rd Target : 12,500-15,000

The bullish market will be closed a month before Bitcoin Block Reward Halving.

Thank you for watching and Merry Christmas.
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