official10xBulls

Bitcoin ❀ Lovers have two scenarios for Bulls Honeymoon πŸš€βš‘πŸ˜

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yes, you guess it right there are two illustrated Honeymoon plans on the chart with your 'Honey' Crypto.

As you see the chart from the recent All-Time High from 64000 to the Last Swing High 18992 in December 2017 before Big Monster Bull Run started after the breakout in October 2020, now we have already retraced 78.6% at 28815 during this recent 'Fatal Crash' that means this is the Golden chance that Bulls can take the control of the Crypto party. How? Let's see below Scenario 1

Scenario 1: 78.6% is the last resort for the retracement before the upcoming new Bull Run, possibilities are very high that if they break the upper range of 41K mentioned in the chart that will be the final confirmation for Scenario 1 Bulls Mission Successful.

In any situation this recent crash low 28815 gets broken in the near term future before closing above 41k to 42K in the Big Timeframe then doors are open for Scenario 2 shown in the chart.

Scenario 2: In this we have used the Fibonacci Range from Bitcoin Inception to the All-Time High 64000 and we got two important numbers plotted in the chart at
61.8% is at 24925
78.6% is at 14059 respectively.


Now, BITSTAMP:BTCUSD will take a U-Turn from these above two Fibonacci Level, there is no doubt unless there is no such bad news/development in Cryptos Space in the future during that period.

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Comments

Awesome. I'd go for the 2nd scenarion.
+2 Reply
official10xBulls MichaelJason
@MichaelJason, We appreciate your view Mr. Michael.
Sincerely,
Team 10xBulls ⚑
Reply
Closing above 41K in the big time frame will decide the fate of Bitcoin which Scenario is going for Honeymoon. πŸ˜β€πŸš€
+1 Reply
official10xBulls sahilnayyar19
@sahilnayyar19, Yes, that's the key point 41-43K closing in Big Candle will clear the path.
Sincerely,
Team 10xBulls ⚑
Reply