projection is not speculation it is a behavioral pattern that holds a lot of significance.
Now we reached first projection at 4300 level. a corrrection is needed at least to 61.8% fib level which it is around 5600 level after that duo to my last analysis on BTCUSDSHORTS in which i did a general elliott wave analyze on shorts, i excpect btcusdshorts fall to 24290 (78.6 fib level) related to expected bounce in the price and because of bearish sentiment of whole crypto market i expect furthur decline in price to the next projection level which is in the 3320 level.
i think when we reached ATH in we are at bottom and it is time to buy. may be we reach that point in the crossing point of triangle which is december 17 of 2018. but it is not a technical its speculation.
in addition what is mentioned in this idea i putted a 144 weekly SMA to chart because it is a big even number and i realized that this SMA converges very well with the first projection at 5600 at time of writing (11/23/2018).
i am making a prediction for fun for those of you that are reading this. i predict bottom will be the next projection at 3320 level because 200 weekly SMA very well converges with this level and more interestingly it is exactly at the time my triangle trendlines are crossing.
like and share.
Now we reached first projection at 4300 level. a corrrection is needed at least to 61.8% fib level which it is around 5600 level after that duo to my last analysis on BTCUSDSHORTS in which i did a general elliott wave analyze on shorts, i excpect btcusdshorts fall to 24290 (78.6 fib level) related to expected bounce in the price and because of bearish sentiment of whole crypto market i expect furthur decline in price to the next projection level which is in the 3320 level.
i think when we reached ATH in we are at bottom and it is time to buy. may be we reach that point in the crossing point of triangle which is december 17 of 2018. but it is not a technical its speculation.
in addition what is mentioned in this idea i putted a 144 weekly SMA to chart because it is a big even number and i realized that this SMA converges very well with the first projection at 5600 at time of writing (11/23/2018).
i am making a prediction for fun for those of you that are reading this. i predict bottom will be the next projection at 3320 level because 200 weekly SMA very well converges with this level and more interestingly it is exactly at the time my triangle trendlines are crossing.
like and share.
Comment:
144 SMA significance proof on weekly
Comment:
And we reached our second projection level approximately.
Comment:
read my analysis, now that a lot of things happend.