After the first wave down, the fib retracement tool can be used to anticipate future price targets. This same wave can be analyzed on index funds in the same timeframe. This prediction blueprint began Mid-March.
Wave 2 bounces at the Fibonnacci Golden Pocket
Wave 4/5 could last months based on the length of this cycle.
Bitcoin supercycle agrees with the bottom being reached in 3-6 months. Especially if an ABC fractal pattern occurs
Takeaway
Don't rush into mediumterm calls or longs, wave for 13-17k again.
Long till wave 4 ends (tip look for supply zones using volume indicators)
Short at 23-24k till 13-19k
Consider possible occurance of fractal pattern before confirming bullish positions
"the patient are rewarded"
Wave 2 bounces at the Fibonnacci Golden Pocket
Wave 4/5 could last months based on the length of this cycle.
Bitcoin supercycle agrees with the bottom being reached in 3-6 months. Especially if an ABC fractal pattern occurs
Takeaway
Don't rush into mediumterm calls or longs, wave for 13-17k again.
Long till wave 4 ends (tip look for supply zones using volume indicators)
Short at 23-24k till 13-19k
Consider possible occurance of fractal pattern before confirming bullish positions
"the patient are rewarded"