1st top, 2nd top - fake-out movement - btc revearsal ... soon ...

0 11
Avatar for ElBalkumbero
4 years ago

This is a cryptonian prophecy from a humble artist and a novice regarding this new world of cryptos.

As you've might noticed, btc was hitting the price of 9200 $, actually a little bit higher, forming also a second top, almost like mirroring the 1st one. 

In this kind of scenarios, a major revearsal occurs and in our present situation this will consist in the fact that btc will move back to the price of 8200 $ AND will break that "neckline" going bellow 8200 $ ... 

I know there are so many "bullish"people out there fighting for this fake bull run ... 

When in fact ... the story looks different ...

The capitulation volume didn't showed a red vertical line when the price of btc was hitting 6400 $ and people were saying that it has bottomed ... 

It almost looks like mirroring December 2018 ... when the price was in a bull run ... but again a fakeout action occured and the revearsal movement brought btc's price to a range of 3200 $ after a capitulation red line volume ... and that was a clear sign for a true bottom. 

The revearsal line happend from 6500 $ to this range of 3200$ ...

NOW, imagine IF in our present scenario, the revearsal will happen'from 9200 $ and will occur to lower than its half?

This will be arround 4300-4400 $ ... a price that might look fancy schmuck' arround the halving period ... and through a vision of a Nagybonacci chart ... this will justify the Fibonacci sequence from which the price of btc ( after halving period) might hit on the next months the price of 44000-45000 $ ...

Cool scenario, don't you think? 

Let's see how this will affect, or maybe help the BCH currency.

Regards readers

1
$ 0.00

Comments