BTC cycle complete - Get ready for the coming year
Start of Wave 1 Jan 28th, 2019- $3,156
Peak of Wave 1 June 24th, 2019 - $11,563
Wave 2: March 16th, 2020 - $5,629
Wave 3: April 5th, 2021 - $58,794
Wave 4: July 12th, 2021 - $32,933
Wave 5: November 8th, 2021 - $69,000
Each wave coincides with pivot points
MACD is increasing as of Feb 5th on the weekly chart and will flip green on the 3D and has already flipped on the 1 day.
Currently the price is resting on support of the 200MA on the monthly chart and exhibits positive divergences with Stoch, CCI, MOM, OBV, MACD, RSI on the weekly chart.
The rebound is likely due to the bounce off the 200MA and will hit the .618 fib around $48,599 - $52.257. This is all dependent on the weekend rally holding strength which historically has failed.
Weekend pumps tend to retrace on Monday and lose any steam as the weekend ends so this will be a good time to exit any longs.
Peak of Wave 1 June 24th, 2019 - $11,563
Wave 2: March 16th, 2020 - $5,629
Wave 3: April 5th, 2021 - $58,794
Wave 4: July 12th, 2021 - $32,933
Wave 5: November 8th, 2021 - $69,000
Each wave coincides with pivot points
MACD is increasing as of Feb 5th on the weekly chart and will flip green on the 3D and has already flipped on the 1 day.
Currently the price is resting on support of the 200MA on the monthly chart and exhibits positive divergences with Stoch, CCI, MOM, OBV, MACD, RSI on the weekly chart.
The rebound is likely due to the bounce off the 200MA and will hit the .618 fib around $48,599 - $52.257. This is all dependent on the weekend rally holding strength which historically has failed.
Weekend pumps tend to retrace on Monday and lose any steam as the weekend ends so this will be a good time to exit any longs.
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