*READ NOTES IN CHART* KEY LEVELS DETERMINED OVER ALL TIME FRAMES RANGING 1W-1MIN
As I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway...
Quarterlies Long Setup for Retrace to 50% Fib level of $434 Stop loss @292
It looks as if bulls have exhausted their run. Price was rejected at the descending daily resistance (pink) and was followed by a retest of our ascending resistance zone, printing a bearish shooting star. A divergence in the RSI can also be observed below this price channel. It is important to note that each top was followed by a 61.8 or 76.4 retracement to the...
Well, Elliot wave theory on monthly chart with log chart says bitcoin is going into 5th wave of Elliott. We all know(maybe not all) that Elliott 5th wave is the highest. The 5th Elliott wave on bitcoin can go between 10k and 10M, so who knows? Due to scarcity, economic collapse probability, uncertainty and manipulation in current economic system, there's a small...
MACD and RSI are both overbought let's take it down five bucks over the period of a day and end up completing our triangle at $217 on April 20th.
These are my thoughts and projections on the price at OKCoin. We may see a little choppy flat motion as well before a solid leading decline. A choppy flat motion usually leads to a steep decline in Bitcoin land, at least in my opinion. If Bitcoin isn't gradually moving up then it is either going down or about to go down.