It looks like Bitcoin has potentially reached its top. Hover over each anchored note to see the appropriate overview for each degree; White bubble is my personal thoughts. A break of 6200 would invalidate this count.
...as the great Apu Nahasapeemapetilon once said, "Thank you come again"
Comentarios
⋅
Forgot to mention, vertical orange lines represent BitcoinGold and Block 494,784
However, I am not so sure we can apply all this TA to something so revolutionary.
I hope the wheels come off that chair and that BTC actually crashes further and that the alts get some breathing room, as they have been crippled by all the BTC mania lately.
We need more real applications out there beyond BTC, which will prove the value of the alts and in turn raise BTC value in a more justifiable fashion. A short term kick in the BTC nuts will be the shock that the alts and all of us need. Thanks @Godly !
Brian_Williams
⋅
This chart is wild!
Lassinet
⋅
That's it Bitcoin is done?
w3bist
⋅
Great analysis, Thank you Godly.
Wave 2 in larger scale coincidence with the ABC correction of the Primary wave. Looks like it will initially go sideways and drop sharply at the end of the wave. I am expecting a larger MA divergence before it marks down.
Farbridge
⋅
lmao
hazza98
⋅
f your disabled chairs , never work lol
Godly
⋅
@hazza98, Everytime I try catching the big short, it's profitable but isn't the short I'm looking for. Patience is the key.
Godly
⋅
@Godly, Side note, anyone with stop/losses would have been long from $6200 :'D