A couple of days ago, I shared a couple of Bitcoin visions I received on February 7 and 10, both showing a drop in price. Those visions only showed the direction of coming moves without any prices, but today I saw the price at $6,400.
In my previous post published two days ago, I shared a vision I saw on February 7, showing Bitcoin’s Relative Strength Index (RSI) dropping to the bottom, so I’ve been watching for it, but so far the closest it’s come is 35 on the hourly chart. The bottom for RSI is generally considered 30 or below.
Although I did not see any dates with the $6,400, I think God was showing me the same bottom as the previous two visions because I was specifically asking Him about that. I was concerned because early this morning, the price moved straight up about $300, reaching a top of about $8,835. However, it appears to have formed a head and shoulders pattern with $8,835 forming the top of the right shoulder. A head and shoulders pattern often indicates a reversal in price is coming.
So, I think God was answering my request, showing me the bottom of this next drop at $6,400, which is lower than I was originally thinking, but it fits what I saw in the previous charts because the price chart I saw on February 10 showed a steep drop that went below where I could see, like going off the chart.
When I saw the RSI chart on February 7, it did not show the time period, but it is important to know because it takes a larger price move to push the daily RSI to the bottom than it does to move the hourly RSI to the bottom. First, I saw it dropping all the way to the bottom, then rising all the way to the top, then dropping all the way to the bottom again. I usually watch the hourly chart, so I was thinking that might be what I saw, but after seeing the price today at $6400, it makes me think the vision was based on the daily RSI, which means all three RSI moves reflected large moves in price. If it was the daily RSI, then not only is the next price drop lower than I thought, but also the next top would be much higher than I thought. However, that might be right because on February 8, I saw a price graph showing Bitcoin rising to $17,100, which surprised me because it was so high. $17,100 was the top so far this year, reached on January 6. It reversed at that level, indicating there is resistance there and supporting the possibility it could stall out there again.
The daily RSI is currently at about 41. It dropped to 25 on February 5, leading to the price dropping to about $5,900 the next day.
I did not see any dates with the $6,400 or $17,100 prices, so I am relying on assumptions to put them in chronological order and my assumptions might be wrong. However, seeing $6,400 today gives me confidence to wait for that price before re-entering the market. If this next drop reaches $6,400 and the daily RSI reaches 30 or below, I will be relying on the daily RSI chart to find the next top and the next bottom after that. It would be helpful to know if I saw the daily RSI because it would mean the price must rise significantly, perhaps as high as $17,100, to push the daily RSI back to the top (70 or above), and the price must then drop significantly to return back to 30 or below.
The price graph I saw on February 10 started with a steep move up, followed by a series of smaller up and down moves, resulting in sideways movement, followed by a steep drop that continued below where I could see. So, I’ve been watching for that pattern and today’s price movements closely resemble it, which makes me think the price drop is coming soon.
Prophetic insights often provide partial information, so putting it all into the correct chronological order is challenging. My assumptions could be wrong, so this is not a recommendation for investing. My recommendation is to seek God for instructions before making any investment decisions and only rely on these insights if it confirms what He shows you.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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