BitcoinShort
Wave i of Larger Wave 5 down complete ($5k-$6k BUYING TARGET)
Updated
- Look for wave ii bounce to 9k before heading lower
- Wave iii should get back to the ~$7400 region which was resistance before
- Wave iv bounce back up to ~$8000 (which is resistance now)
- Wave v destroys all bull hope as we head to $6000, potentially down to $5000
confluences:
- this would get us a 78.6% retracement from the larger 3k -
14K move
- this also forms what would be a HUGE falling wedge
if this is right, we'll get some unbelievable opportunities to buy around 5k-6k in the early 2020 timeframe.
this sets up perfectly to start moving up going into the halving in May, and then skies the limit forBTC (easily back to 20k, more than likely closer to 50k - 100k).
NOT FINANCIAL ADVICE. this is most likely incorrect and not going to happen.
- Wave iii should get back to the ~$7400 region which was resistance before
- Wave iv bounce back up to ~$8000 (which is resistance now)
- Wave v destroys all bull hope as we head to $6000, potentially down to $5000
confluences:
- this would get us a 78.6% retracement from the larger 3k -
14K move- this also forms what would be a HUGE falling wedge
if this is right, we'll get some unbelievable opportunities to buy around 5k-6k in the early 2020 timeframe.
this sets up perfectly to start moving up going into the halving in May, and then skies the limit for
BTC (easily back to 20k, more than likely closer to 50k - 100k).NOT FINANCIAL ADVICE. this is most likely incorrect and not going to happen.
Note
but in other news: twitter.com/ColeGarnerBTC/status/1196607541196648449miners starting to capitulate... meaning we could easily see a drop to $6,000 pretty soon. last time miners capitulated, we very quickly dropped from 6k -> 3k.
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