Hi, there!
I’ve analysed the previous peaks and bottoms and I’ve seen the pattern repeats.
As you can clearly see, it bottoms at 0.382 Fibonacci.
It means we’re in the middle of the correction, what would match the idea of the NVT ratio. In the previous post, I showed you that the level of the NVT ratio is really high, what means that the price is about to turn downwards because BTC is still overvalued.
This is not financial advice. Do your own research. I’m not responsible of your actions.
Have a good day ;)
I’ve analysed the previous peaks and bottoms and I’ve seen the pattern repeats.
As you can clearly see, it bottoms at 0.382 Fibonacci.
It means we’re in the middle of the correction, what would match the idea of the NVT ratio. In the previous post, I showed you that the level of the NVT ratio is really high, what means that the price is about to turn downwards because BTC is still overvalued.
This is not financial advice. Do your own research. I’m not responsible of your actions.
Have a good day ;)
تعليق:
This chart DOESN’T show the target! ONLY the date where it will bottom. People keep asking me if I set the Gann square properly to see the target, and the answer is NO. Please, read my last update!!! :)
تعليق:
BitMEX CEO is calling for BTC to 2000$. He’s even more bearish than me.
Let’s see where it bottoms.
www.ccn.com/bitcoin-...-could-fall-to-2000/
Let’s see where it bottoms.
www.ccn.com/bitcoin-...-could-fall-to-2000/
My target remains at 2600/2800 dollars.
I want to say 20k was the wave 5, so who knows if the correction will be a normal ABC, a flat ABC, a double zig zag... nobody knows until it’s complete or nearly complete.