On the BTCUSD daily macro (D) over the last year, we can see specific repetition on the Fibonacci extensions
1) After each of the 3 major ATHs (3k - 5k - 8k), we see: (left aligned & colored fibs)
a) Fib 50% down correction
b) Fib 200% up correction = next new ATH> 100%
2) Aligning last ATH> (8k) 200% extension with new 100% postulation, we see: (right aligned & dotted-only fib)
a) Fib 100% = new ATH> at $12800
b) Fib 50% down correction at $9100
c) Fib 200% up correction = next ATH> at $20250
With current evaluation of $11200 on publication time, we are just acting consolidating at the 78% extension
1) After each of the 3 major ATHs (3k - 5k - 8k), we see: (left aligned & colored fibs)
a) Fib 50% down correction
b) Fib 200% up correction = next new ATH> 100%
2) Aligning last ATH> (8k) 200% extension with new 100% postulation, we see: (right aligned & dotted-only fib)
a) Fib 100% = new ATH> at $12800
b) Fib 50% down correction at $9100
c) Fib 200% up correction = next ATH> at $20250
With current evaluation of $11200 on publication time, we are just acting consolidating at the 78% extension
Trade active:
Fib 100% play out - $12800 hit