BTC death-cross looks like it will happen somewhere between the two trend-based fib time projections. Trends do not magically implode at the sight of a death cross and often price is on a bounce as they do, but it is interesting that the DC is lining up with the time fibs. I am looking to fib time to provide a more accurate projection because they are a fractional extrapolation of stability found in phi / golden section and so more likely to find a continuation / reversal point. But it looks like DC will happen at the 1.618 fib of pivots 1,2,3 so I roughly guesstimate the wave 4 collapse will begin around 12th June.
Comment:
Interesting how the 50MA was support throughout the top until the initial collapse which began the downtrend. And then 200MA became resistance for this current flat pattern.
Next video Saturday 22 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
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Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
