Market Timing: Why Bitcoin Could Sweep Lows Before A Bounce

Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs.

But before that happens, there could be one more deep sweep of lows, according to a highly accurate market timing indicator.

The timing is based on a sequence of candles resulting in a buy or sell signal when a nine count is reached.

The reason why crypto investors won’t like the setup that’s to come, is because for the nine candle to “perfect” the candle must fall deeper than the lows of the previous candles.

While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.

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