$BTC - 6 months of green, time for a red candle?

2019년 7월 14일This was a little too fast for an organic rally, and the correction was expected for a while. The price tried to breakthrough 0.786 fib retracement (from 20k to 3k) and failed twice, creating a double top

RSI is at the same level (red arrow) in 2016 where there was a 40% correction

The weekly red candles at this level is not a positive sign, even RSI has tapped overbought (80) sign twice (red arrows)


I posted a daily chart saying that either 5th wave is done or almost done. Most people are thinking there is still juice left in this 300+% rally. Do you want the left our juice or the meat of the rally?

2019년 7월 15일

코멘트

We bounced hard from the 0.618 Fib retracement blue line . There is a high chance this is a ABC flat correction or ABCDE triangle consolidation. Either way it will be a sideways corrections

Makes sense on the assumption IF this is the 4th subwave as per the original idea

2019년 7월 17일

코멘트

We got the red candle on the monthly as er the original idea

2019년 8월 15일

코멘트

Another red candle

2019년 8월 31일

코멘트

Expecting 2 more weeks

2019년 9월 24일

코멘트

2 weeks turned to 4 weeks, will October be a green candle?



The weekly doesn't look good, I would think a 50% correction is more appropriate

Lost the 9k green support line
Lost the 20 Weekly MA
Weekly RSI dropped below