3D chart with 50 and 200 showing you the 3-day death and golden crosses.
Needless to say, waiting for the deathcross to play out.
This scenario would be just a correction based on simularities in RSI , trendlines , price pattern, and most important the MA's.
So not meant as an abc correction. Because that's a whole different scenario that could mean BTC needs to reach 3k or even lower as an abc zigzag correction would be in place since we did not go higher than 12k.
This scenario would be an ideal situation because of the short timeframe so we could begin bull rally mid 2020. But a bit longer variant could also play out.
By the way if you put this chart on weekly, the 200MA you see is going exactly to the capitulation point. (200WMA has been capitulation target before).
Needless to say, waiting for the deathcross to play out.
This scenario would be just a correction based on simularities in RSI , trendlines , price pattern, and most important the MA's.
So not meant as an abc correction. Because that's a whole different scenario that could mean BTC needs to reach 3k or even lower as an abc zigzag correction would be in place since we did not go higher than 12k.
This scenario would be an ideal situation because of the short timeframe so we could begin bull rally mid 2020. But a bit longer variant could also play out.
By the way if you put this chart on weekly, the 200MA you see is going exactly to the capitulation point. (200WMA has been capitulation target before).