FlaviusTodorius67
Panjang

Multi month bullish wedge in BTC

BITFINEX:BTCUSD   Bitcoin / Dolar
Ok, so the drop in BTC also took me by surprise. In my previous chart I saw two possible scenarios for BTC . BTC took the dump scenario, however, the drop was more massive than I anticipated. It went below the ma20. What does that mean now for the future price development of BTC .
Well, that means that this is a larger corrective ABCDE structure in wave 4, which will take longer to resolve than if it had just dropped to ma20 (around 9200 at that time).
I see a bull flag on the timefram of months, probably ending sometime in summer this year, with a following wave 5 rally towards 100K towards autumn, which will mark the end of this BTC hype cycle. After that, I suppose we will see a bearmarket until the halving 2020.
Update?
Balas
If an Inverted H&S triggers here, target would be perfect for the wedge
Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar