alsaidan-S

alsaidan-S

The BitCoin Chart has confirmed the bearish signal this week!

alsaidan-S

The expected correction pattern of Bitcoin is FLAT and I predict the target of wave (c) to be around $8,918 or $7,713, or between these two targets, depending on the strength/weakness of the market. After achieving the target, Bitcoin price would rebound to higher high, $20,000 or higher depending on the wave number.

alsaidan-S

So far, the price of bitcoin is moving as predicted in my analysis of 16 Jun (update-1), see the link. Update-1 chart also shows the price resistances, see the link.

alsaidan-S

This is un update of the previous analysis on 14 Jun-19, see the link/attachment, The possible target of wave (5) will be around $13,052 If the length of wave wave (5) equals 0.62 the length of wave (3). However, there are two price resistances before the target; at $11,511 and $11,989, therefore we should be careful.

alsaidan-S Updated 

I can see the all-time high to be a wave (I) super cycle. The double-three correction has formed a bottom at around $3122, it can be either wave (A) or wave (II) super cycle. The current price rise might end around $10,000 to complete five waves, otherwise I will recount the waves.

alsaidan-S

This (short-intermediate term) analysis indicates a double-three corrective pattern for OCN. Buying/Selling is your responsibility you can take it or leave it! Note: The missing data can be found eslewhere! .