harveybains146

harveybains146

Wave-A ends at first support line line and is where Wave-B begins. If Wave-C begins at the underside of the green sloped support which would be exactly 61% retracement of Wave-A. And if Wave-C is 1-1 with Wave-A then it could reach 89 in one move. Wave-A had big momentum (long candles), and high speed (short time span), and so if wave-C is as strong as Wave-A...

harveybains146

Wave-A ends at first support line line and is where Wave-B begins. If Wave-C begins at the underside of the green sloped support which would be exactly 61% retracement of Wave-A. And if Wave-C is 1-1 with Wave-A then it could reach 89 in one move. Wave-A had big momentum (long candles), and high speed (short time span), and so if wave-C is as strong as Wave-A...

harveybains146 Updated 

Resistance R1 is giving bitcoin a beating afterwhich it will fall out of the upper wedge into the lower main wedge. In the main wedge resistance R2 will push bitcoin down to $8500

harveybains146

The dollar at the weekly level will retrace to about 61% (of wave-A of the zigzag) at which point it will hit the upper support/resistance line. Then it will begin the wave-C of the zigzag that will take it down to 89 At 89 it will meet a significant support level which has had recent touches and has been existent since 1994

harveybains146

Can today be the day that bitcoin finally overcomes the sloped resistance which at the weekly level has sofar been undefeated since January 2018 Take your seats and watch the action unfold over the next 24 hrs

harveybains146

If you zoom out to the weekly level you will see that nothing has changed. The red resistance slope remains undefeated.

harveybains146

Wave 2 pullback has ended I think. Green buying pressure has returned on the Volume chart. The RSI has recharged and looks ready with plenty free runway space ahead. MACD shows a turning point inflection and the MACD histogram looks ready to go green again. Followed by good wave 3. Wave 4 pullback will coincide with the expected Gold pullback. Followed by a...

harveybains146

Israeli-Russian tycoon Roman Abramovich sells his stake in Highland Golding Mining company at good time

harveybains146

Bitcoin seems to be following Gold

harveybains146

Bitcoins seems to be losing to out the new shiny Silvery superstar

harveybains146

Which way is it going to pop, North or Southwards.

harveybains146

Time is approaching that BTC will have to make a choice

harveybains146

The Bitcoin rally since March-2020 has been negated by the strong {red) resistance line. The original strong upward zigzag has been negated by a double (extended) triangle. The next move is downward either by sharp 3 wave zigzag or 5 waves down as shown. Cut your losses now and by later when it will 30% cheaper.

harveybains146

This pattern is repeating at all levels. If you switch to hourly level you see this there too. what does this mean. See the houry chart as linked below

harveybains146

I see this shape at the hourly level. If you zoom a out to the weeks level you see something similar again. This pattern seems to repeat just like a fractal

harveybains146

IF this trend remains then bitcoin could reach $11,000 during the weekend

harveybains146

That upper downward trend is concerning. I think if (when) we hit it there may be a downward dip of 5-10%. On the other hand there may be a upward breakout. Personally I would be a cautious as we get closer to it.

harveybains146

A history of bitcoin performance in one chart