STRONG Hidden BEARISH DIVERGENCE ON BITCOIN
Bitcoin 1 more leg down to 3k still possible or a double bottom near 3k! bear market not quite over yet
gold potential break out of wedge
POTENTIAL YEARLY BOTTOM FOR GOLD! @1175 (plus or minus) which is 78% retracement from 1360.
BITCOIN FAILED TO BREAK 11.2K AND WEDGE LINE. it is now likely to retest 9.2k and IF that fails, expect a new low. Possibly 3000.
BITCOIN IS LIKELY TO RETEST 11.2K. and a break of 11.2k will make bitcoin bullish, a failure of breaking this wedge line will result in a deeper drop.
Bitcoin dropped exactly 6500 (It over shot 6500 to bounce off one of my moving averages) as i predicted it was a possibility a week ago. it should rebound now short term. bitcoin can go as high as 9200. These prices will be crucial. if bitcoin can not break 9.2k, it will drop back to 6500 for final retest. And if 6.5k doesnt hold. Expect 3k. I know its crazy but...
Bitcoin failed to break 9.2k, a retest of 6k is likely. UNLESS we can break 9.2k soon. IF 6K fails to support a double bottom, then we will likely drop to 3k bitcoin or lower.
IF 9.2K SUPPORT BREAKS bitcoin will enter an extended bearish period lasting months and potentially years. With no certain of recovery.
Retracement is due for gold can do as low as under 1300
BITCOIN AT DECSION POINT. potential extended bearish period If scenario #1 fails, we will most likely get #4 or #5. This is an unbiased technical analysis. I got 11.3k and 9.2k fib levels correctly. Remember this only happens if 11.3k and 9.2k support does not hold.