BITCOIN in IMPORTANT Weekly Close - 2 Main Scenarios
Ultra in Blue
We here assume we are on the 4th , and still need one more wave up. We will here go to around 30k USD.
Bullish in Black
We have finished the 5th wave, and are already in the process of making a bigger ABC-correction.
The Weekly Chart
Lets go back, and take a look at the chart. We have a very important weekly close to make. The is already 2x MA20 , AND we are about to get an exciting ending on the week. Something will happan VERY SOON, hence we are inside a neutral triangle with decreasing .
The histogram is telling us, that the momentum is increasing. The is high, but if you compare it to the Bull Run in 2017 we are still below that level, and we definitely have room for more. Also the is not making any Regular Divergence
10,000 USD is what decides everything
This number here is more important that you think. If we should go below 10k USD, and stay there, then we have to turn our bias, and we will walk away from our Ultra bias and then we have to conclude that 14k was the top for now, and that we are right now part of an ABC-correction. IF that is the case, you can be sure that we will go to 61.8% which is 7200 USD (maybe even at 6.5k USD), and hereafter we will go up again.
Please leave a big LIKE, my friend, and I will then take a closer look at the current situation!
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The netutral triangle, AND the decreasing volume. You can be sure we will see a spike to either side tonight. Boom.
I wanted to tell you the importance of going up here. The reason why we have seen so much indecision is because BTC soon had to choose what I have been talking about in this post.
1. Is this a 4th wave and will we go higher?
2. Is this part of an ABC Correction and was 14k the top?
And we couldnd go sideways forever. So going up means the chances for this is a 4th wave are bigger. I will update you as soon as possible.