THETA looks like its completed a large degree 1 and a 2 that has retraced 0.618.
from here i'm expecting a wave 3 that will have a minimum length of wave ones 420%, and probably more.
I've also place a conservative target at all time high just in the interest of caution.
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resistance is not being broken and it needs to smash through for any upward movement
im surprised we are still even here
MA is dropping now towards that current upward trend line
bulls will pull and catch at the next bottom
and the bottom is not in!
weekly stochastic RSI is due a plunge , how ever volume is getting thin and i think a quick drive by the bulls uo to middle 4k might happen which will strongly get rejected down to a 2800 area
just my thoughts troops.
at 2800 we could go side ways untill a slow bull starts in may/june
this how ever could be all irrelevant as Bitcoin is being controled by the...
The S&P 500 Index has been a bit hard to read for beginners as the charts are giving bearish signals yet it continued to move up and break above certain strong resistance levels. As for The Dow Jones Industrial Average Index (DJI), this one is telling us a different story, this chart is much easier to read.
When you look at the chart, you can clearly see lower...
The Russell 2000 Index, which tends to move before the S&P 500 Index (SPX) has broken below support with strength.
On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more...
imo these are the dates we go back through 6 and 20K if BITCOIN carrys on with historical movement
i have measured timing of past highs and lows and of course there are no rules
i think 2800/3200 i the bottom we move out and up from
i have marked out dates for next 6k
then through ATH
UP TO the next math
SAYING THIS I STILL THINK 2800/3000 BOTTOM COULD COME
IF IT FOLLOWS THE HISTORICAL PATTERN.
with talke of the 500 collapsing soon of course this could mean nothing if they jump over to BTC
Trade Duration: Medium
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Perhaps you might want to take a minute now to hit LIKE, and then continue reading what I am about to share... Thanks a lot for...