BItcoin (BTC) Headed to Below 5500 in coming weeks
BTC is in the C wave of and ABC correction of the larger Crypto Bull market. It has an extremely high probability of dropping below 5500 within the next few weeks.
This analysis is based on a multi market analysis of Coinmarketcap.com, BTC, ETH, NEO, XLM, LSK, and more using tricks picked up from 30 years of technical analysis of markets and years of managing tens of millions of dollars as a top ten ranked series3 licensed former Commodity Trading Advisor. I only tell you all of this because there are too many new and inexperienced traders and market analysts giving bad trading advice to other newbies. I want to save you some of the pain I went through over the years. I learned the hard way.
Happy Trading.
This analysis is based on a multi market analysis of Coinmarketcap.com, BTC, ETH, NEO, XLM, LSK, and more using tricks picked up from 30 years of technical analysis of markets and years of managing tens of millions of dollars as a top ten ranked series3 licensed former Commodity Trading Advisor. I only tell you all of this because there are too many new and inexperienced traders and market analysts giving bad trading advice to other newbies. I want to save you some of the pain I went through over the years. I learned the hard way.
Happy Trading.
Comentarios:
I know it has been a while but just updating you that my BTC target is still in play as certain high probability events have not yet occurred in LTC, BTC, or in Coinmarketcap.com. BTC has so far reached a low of 6450 since the target was published and has bounced to its current price of 8174. Right now the daily RSI is at 55, a level not seen since a previous major high area around the March 3rd time frame. There is also Hidden bearish divergence in the Daily RSI, suggesting a high probability of a continuation lower to begin soon. Happy Trading
Comentarios:
BTC at 6093 as I write this. The 5500 target is looking pretty realistic to a lot of doubters now. My coinmarketcap.com target still requires a significant drop before reaching a high probability support area for possible long term growth, so lower prices will likely be seen first, before a buying opportunity presents itself in the crypto market as a whole. Happy Trading!
Operación cerrada: objetivo alcanzado:
This target took far longer than I expected but It has been exceeded as expected, keeping my Tradingview Crypto currency target success rate in excess of 90%.