Two scenarios - 386000 USD or 1000 USD

Apr 16, 2021

Bitcoin is currently at a crossroads and is deciding whether the trend will continue or it is over. At Weekly RSI, we have a threefold divergence. On the daily chart as well. Falling volumes indicate that it is still undecided. For the bullish scenario, we need to see the breakthrough of the trend line on RSI and the high-volume green candle and the creation of a new maximum. For the bearish scenario, we need to see a breakthrough in support and the MA 50 Daily. Why $ 386,000? Because it's 261.8% of wave (a). If we create a new maximum and weekly the candle closes above 161.8% of wave (a), then it cannot be Expanded FLAT and Running FLAT is in play. Wave (c) is then created by the following correction and should be the same as wave (a). This should complete the supercycle.

Apr 16, 2021

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Apr 18, 2021

Note

Bitcoin broke rising wedge. Today will be extremely important for the next trend. If the week closes as red and under support there will be a bearish scenario in the game. Breaking the invalidation level can be considered a fake breakout.
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Apr 18, 2021

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Apr 19, 2021

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It seems that BTC has actually completed the supercycle wave (b). If so, the next move might look like this.
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Apr 19, 2021

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Ending Diagonal structure 3-3-3-3-3
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Apr 23, 2021

Trade active

Bearish scenario active. s3.tradingview.com/snapshots/5/5uqJiXKe.png

Apr 29, 2021

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May 7, 2021

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So far we have lower low and lower high.
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May 13, 2021

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We see in the chart that another lower low has been created.We are now testing the MA21 weekly. This moving average has historically been the strongest support for the bull market. If they don't keep this, we are clearly in the bear market. The bearish scenario only changes the creation of a new all time high.
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May 13, 2021

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Note the correlation between MA21 and support on RSI. 53.54 RSI is a very important level separating bear market from bull market.
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May 15, 2021

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Critical level
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May 17, 2021

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Bear market begins
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May 19, 2021

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Wave 3 completed
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May 21, 2021

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May 22, 2021

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May 27, 2021

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It seems that the 4th wave is still forming in the form of a triangle. BTC also tested the MA 200 Daily from below.
s3.tradingview.com/snapshots/k/kdj2uIYq.png

May 29, 2021

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Jun 1, 2021

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Jun 3, 2021

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Jun 8, 2021

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BTC broke the triangle down and confirmed the completion of the 4th wave. He is now in the fifth wave. He is now battling the Daily MA 300.
s3.tradingview.com/snapshots/t/T7tWS6tG.png

Jun 9, 2021

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BTC probably completed the second sub wave from the fifth wave. Subsequently, we should see a strong fall.
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Jun 13, 2021

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Jun 14, 2021

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The triangle was canceled on the BTC. It became the abc correction of the fourth wave, which looks like a bear flag.
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Jun 15, 2021

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Jun 19, 2021

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Jun 22, 2021

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Jun 26, 2021

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Jul 2, 2021

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Jul 12, 2021

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Jul 14, 2021

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Jul 15, 2021

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Jul 26, 2021

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Jul 27, 2021

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Aug 4, 2021

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Aug 7, 2021

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BTC faces the critical levels of MA 21 weekly, MA 30 weekly and MA 200 Daily.

Aug 8, 2021

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Crucial point

Aug 17, 2021

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Aug 30, 2021

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NVT indicator signals an extreme bubble