-First of all, I want to tell you that although in the short term I'm bearish (until 7300-8200), in the long term I'm very bullish.
-We're now in the wave 2 of a big wave 5 of a higher degree. This matches with the RSI divergences on 3D (indicated with blue arrows/boxes), which are similar.
-MACD is about to cross down, what is a bearish signal. I don't think BTC is gonna be over 14000 until end 2019 - early 2020.
Finally, I tried to rely on the 4-year cycles of Bob Loukas to try to match the dates (here is the video that explains it: youtube.com/watch?v=ivWdOztDkv4)
Legal disclaimer:*THIS IS NOT A BUY / SELL SIGNAL. Try to do your own research before trading.*
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.