Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART V
BTC will test 10 Year Moving Average (approximately 2500 USD in July 2020)
Final Target 1 = 2203.66 USD
Final Target 2 = 1636.72 USD
GAP 1350-1830 USD
Right Fibonacci Extension wave (c)
Left Fibonacci Retracement wave (a)
Wave (b) returned more than 61,8% of wave (a), it's wave a.
If wave (b) returns more than 61.8%, it's wave a and wave c fails
wave c = (b)
The rules for this analysis are clear. If he exceeds the BTC Invalidation level (10500.5 USD), the bear is dead. If BTC falls below the Bearish level (8109 USD), the bull is dead.
Note the bearish divergence on the Daily chart and declining volumes.
Previous parts of the series
BTC will test 10 Year Moving Average (approximately 2500 USD in July 2020)
Final Target 1 = 2203.66 USD
Final Target 2 = 1636.72 USD
GAP 1350-1830 USD
Right Fibonacci Extension wave (c)
Left Fibonacci Retracement wave (a)
Wave (b) returned more than 61,8% of wave (a), it's wave a.
If wave (b) returns more than 61.8%, it's wave a and wave c fails
wave c = (b)
The rules for this analysis are clear. If he exceeds the BTC Invalidation level (10500.5 USD), the bear is dead. If BTC falls below the Bearish level (8109 USD), the bull is dead.
Note the bearish divergence on the Daily chart and declining volumes.
Previous parts of the series
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Dump starts now.
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Dominance BTC is in the key zone.