BTC Medium Term Upside, Longer Term Downside
Hi to my followers, please feel free to reach out / comment and brainstorm. Have a safe and cheerful transition into 2019!
Yellow Prediction: Preferred scenario as I definitely see short – medium term bull presence following the uncertainty of macro news and major equity market corrections. BTC sharing the fame with gold as a “safe haven” asset, and as evident with the appreciating gold price in the past 2 weeks, I find BTC may follow.
Teal Prediction: Alternative scenario breaking the 4Hr top hitting the 50 EMA, then falling.
The verdict: I believe this 5 wave WXYXZ pattern will finalise this entire 12-month correction before we see a major move back into 10k+. Why? US financial stability is venerable in 2019 and BTC could be a place to park money due to encrypted security, while others may park money in gold.
The risk: BTC falling from current level to break the low before the move up.
EMA: DAILY 130 EMA Look at the
RSI: DAILY crossing through 50 and breaking a trendline
Stochastic: DAILY Crossing into 50 region also
Wave Count: Looking for a complex X wave in a 3-wave structure. This will be the final X before a Z move down. The Z move is optimistic at $1,200, but $2,000 could also be possible.
Fibonacci Retracement: 4 HOUR correction found support at 61.8%
Fibonacci Extension: 4 HOUR price could extend into the 129 EMA and find resistance at 100% - 123.6%.
BTC cryptocurrency 
USD 
DXY #forex #commodities #trading #predictiontrading
Disclaimer
The information provided on this article/post is general in nature only, and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this article/post you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Therefore, before you decide to buy/sell or amend any product or keep or cancel a similar product that you already hold, it is important that you perform your own due diligence, understand the risks involved, read and consider the relevant Product Disclosure Statement (PDS) of the product provider to make sure that the product is appropriate for you. Before making any decision, it is important for you to consider these matters and to seek appropriate legal, tax, and other professional advice.
Yellow Prediction: Preferred scenario as I definitely see short – medium term bull presence following the uncertainty of macro news and major equity market corrections. BTC sharing the fame with gold as a “safe haven” asset, and as evident with the appreciating gold price in the past 2 weeks, I find BTC may follow.
Teal Prediction: Alternative scenario breaking the 4Hr top hitting the 50 EMA, then falling.
The verdict: I believe this 5 wave WXYXZ pattern will finalise this entire 12-month correction before we see a major move back into 10k+. Why? US financial stability is venerable in 2019 and BTC could be a place to park money due to encrypted security, while others may park money in gold.
The risk: BTC falling from current level to break the low before the move up.
EMA: DAILY 130 EMA Look at the
RSI: DAILY crossing through 50 and breaking a trendline
Stochastic: DAILY Crossing into 50 region also
Wave Count: Looking for a complex X wave in a 3-wave structure. This will be the final X before a Z move down. The Z move is optimistic at $1,200, but $2,000 could also be possible.
Fibonacci Retracement: 4 HOUR correction found support at 61.8%
Fibonacci Extension: 4 HOUR price could extend into the 129 EMA and find resistance at 100% - 123.6%.
BTC cryptocurrency USD DXY #forex #commodities #trading #predictiontrading Disclaimer
The information provided on this article/post is general in nature only, and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this article/post you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Therefore, before you decide to buy/sell or amend any product or keep or cancel a similar product that you already hold, it is important that you perform your own due diligence, understand the risks involved, read and consider the relevant Product Disclosure Statement (PDS) of the product provider to make sure that the product is appropriate for you. Before making any decision, it is important for you to consider these matters and to seek appropriate legal, tax, and other professional advice.
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The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
Twitter: twitter.com/TradersMission
The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
Disclaimer
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