Hello everyone.
Regarding my analyses, BTC will drop below 20k. In this chart, you can see the price actions and its relation between weekly MA50-200 indicators since 2012. Also, you can see Elliott ABC correction waves after BTC made the peak.
I tried to analyze the weekly RSI movements since 2012. Also, you can see support and resistance levels on RSI indicators and also ABC correction waves on RSI movements.
Remember that the last big correction took 363 days to end in 2018 and every time it took longer than before. Correction may end after March of 2022.
Also, we can check the monthly chart to see the price and rsi actions to confirm the idea. I will share it as a comment.
note: you need to make zoom to see price actions before 2018.
Good luck!
Regarding my analyses, BTC will drop below 20k. In this chart, you can see the price actions and its relation between weekly MA50-200 indicators since 2012. Also, you can see Elliott ABC correction waves after BTC made the peak.
I tried to analyze the weekly RSI movements since 2012. Also, you can see support and resistance levels on RSI indicators and also ABC correction waves on RSI movements.
Remember that the last big correction took 363 days to end in 2018 and every time it took longer than before. Correction may end after March of 2022.
Also, we can check the monthly chart to see the price and rsi actions to confirm the idea. I will share it as a comment.
note: you need to make zoom to see price actions before 2018.
Good luck!