I believe that Bitcoin is due for a correction and that the end of wave 3 is near.
Bearish divergence on Daily RSI
We are the highest weekly/monthly RSI level that has ever been seen
I think that we will stay within the bounds of the long term pitchfork, and may possibly see $1300 as there is very strong weekly support there.
I am confident that we will see somewhere between $1827 and $1477 as these are long term fib levels. My fib begins at 0.01 low.
At the end of wave 4, we will have a very nice buy opportunity for wave 5, which will be onwards to a new Bitcoin all time high :)
Bearish divergence on Daily RSI
We are the highest weekly/monthly RSI level that has ever been seen
I think that we will stay within the bounds of the long term pitchfork, and may possibly see $1300 as there is very strong weekly support there.
I am confident that we will see somewhere between $1827 and $1477 as these are long term fib levels. My fib begins at 0.01 low.
At the end of wave 4, we will have a very nice buy opportunity for wave 5, which will be onwards to a new Bitcoin all time high :)
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