I believe that Bitcoin is due for a correction and that the end of wave 3 is near.
Bearish divergence on Daily RSI
We are the highest weekly/monthly RSI level that has ever been seen
I think that we will stay within the bounds of the long term pitchfork, and may possibly see $1300 as there is very strong weekly support there.
I am confident that we will see somewhere between $1827 and $1477 as these are long term fib levels. My fib begins at 0.01 low.
At the end of wave 4, we will have a very nice buy opportunity for wave 5, which will be onwards to a new Bitcoin all time high :)
Bearish divergence on Daily RSI
We are the highest weekly/monthly RSI level that has ever been seen
I think that we will stay within the bounds of the long term pitchfork, and may possibly see $1300 as there is very strong weekly support there.
I am confident that we will see somewhere between $1827 and $1477 as these are long term fib levels. My fib begins at 0.01 low.
At the end of wave 4, we will have a very nice buy opportunity for wave 5, which will be onwards to a new Bitcoin all time high :)
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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.
Disclaimer
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.