$BTC - 6 months of green, time for a red candle?

This was a little too fast for an organic rally, and the correction was expected for a while. The price tried to breakthrough 0.786 fib retracement (from 20k to 3k) and failed twice, creating a double top

RSI is at the same level (red arrow) in 2016 where there was a 40% correction

The weekly red candles at this level is not a positive sign, even RSI has tapped overbought (80) sign twice (red arrows)

I posted a daily chart saying that either 5th wave is done or almost done. Most people are thinking there is still juice left in this 300+% rally. Do you want the left our juice or the meat of the rally?

Kommentera:

We bounced hard from the 0.618 Fib retracement blue line . There is a high chance this is a ABC flat correction or ABCDE triangle consolidation. Either way it will be a sideways corrections

Makes sense on the assumption IF this is the 4th subwave as per the original idea

Kommentera:

We got the red candle on the monthly as er the original idea

Kommentera:

Another red candle

Kommentera:

Expecting 2 more weeks

Kommentera:

2 weeks turned to 4 weeks, will October be a green candle?

The weekly doesn't look good, I would think a 50% correction is more appropriate

Lost the 9k green support line
Lost the 20 Weekly MA
Weekly RSI dropped below