As many others have already mentioned, this is the only chart you need to know right now!
The 200 MA in the weekly chart has never been broken before to the downside. This line will decide if BTC will have upside momentum after the halving, or if it drops to 1000$.
We HAVE to pass this test!
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Have a nice day :-)
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OMFG. We past the 88% retracement. This means the chances of this going up without a low below 3000 is 6%. Hate to say it but this looks very bad.
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Wow that’s bad. Is 1000 even possible? Does this mean game over?
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No, from an EW standpoint that is not game over, but it possibly means again years will go by before we recover.
I hope that we stabilize at 4500 but the odds are bad.
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For me BTC is gone for years right now. All we have to do is postpone until next cycle.
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I can not imagine bitcoin reaching 1000 $ mark.
If that happens i could finaly own one 😂
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Agreed
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@ew-and-patterns, Looks like and in my opinion we are slowly entering into the phase of Economical and Financial Crisis. Stay blessed.
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