BTC – where is the bottom? Here is the answer.
Updated
Hi Guys!
Many of us are thinking where the bottom is and when we can expect trend reversal.
Let’s figure out this puzzle.
Long-term corrections comparison
• The last long correction took us 426 days. The current one is nearing to this time. There are only 2 weeks left from now. Please look at the
chart with a monthly interval.
• The last correction made possible to buy 1 BTC at almost 87% discount. Currently, we have nearly 82% discount.
• If the price is to obtain 87 % discount we can expect to have 1BTC for around $2600.
• 5th Elliot’s wave should bring us to the price of $ 400 000 for 1 BTC within 2/ 3 years
The current price analysis
• We have a weak resistance zone - $3520 - $3670 – so far the price has jumped up strongly – time will tell if we manage to maintain above it.
• Bullish butterfly pattern - a trend reversal upcoming. It may take a couple of weeks.
• Retrace to $3200 possible
• RSI - close to the bottom - within 2/3 weeks we should have a trend reversal
To sum up we think the bottom is very near.
Don’t give up and be patient. The future is yours.
So what do you think traders?
Is this scenario possible to fulfill?
Please leave your comment down below. Do see any alternative?
MASSIVE Hugs!
WBM Team
Many of us are thinking where the bottom is and when we can expect trend reversal.
Let’s figure out this puzzle.
Long-term corrections comparison
• The last long correction took us 426 days. The current one is nearing to this time. There are only 2 weeks left from now. Please look at the
chart with a monthly interval.
• The last correction made possible to buy 1 BTC at almost 87% discount. Currently, we have nearly 82% discount.
• If the price is to obtain 87 % discount we can expect to have 1BTC for around $2600.
• 5th Elliot’s wave should bring us to the price of $ 400 000 for 1 BTC within 2/ 3 years
The current price analysis
• We have a weak resistance zone - $3520 - $3670 – so far the price has jumped up strongly – time will tell if we manage to maintain above it.
• Bullish butterfly pattern - a trend reversal upcoming. It may take a couple of weeks.
• Retrace to $3200 possible
• RSI - close to the bottom - within 2/3 weeks we should have a trend reversal
To sum up we think the bottom is very near.
Don’t give up and be patient. The future is yours.
So what do you think traders?
Is this scenario possible to fulfill?
Please leave your comment down below. Do see any alternative?
MASSIVE Hugs!
WBM Team
Note
Note
There is a chance for growth. Note
Safe enter above 0.5 Fib level. Retrace to 0.5 possible. Price is saturated. Correction is possible. Wait to reload.Note
By the way - congratulations! 16 % gain in less than 24h! :DNote
Got stuck in the support zone and below all EMAs. $3200 possible.
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