MegaWhale

BTC - 2017/2021 FRACTALS 400K?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I have posted my options on the bear case scenario, now it is time for the bull scenario!

I believe it is possible we are in a similar fractal to that of 2017 pre market explosion and are currently seeing the last red month before 3-5 sequential green ones.

Similarities
- Rsi broke and heading down to retest the 85.13 level, a bounce here similar to that of 2017 will send the market into the next explosive wave upward!
- lagging span on Ichimoku in a similar position on the two fractals, a small drop before the next move upward
- Chop zone indicating our most bullish months are yet to come
- Expecting one last drop down to 38k to find support on the conversion line before the bottom is in for this month

How did I calculate the targets

1. Found the ratio between phase 1 of each fractal
= 1698%/982% = 1.72x = 1:1.72 in compariosn to last fractal

2. apply the ratio to the next move up in comparison to last explosive move phase 2
= 298% * 1.72 = 512%

The result would mean we could see a move up to $400,000 usd

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Comments

indepth study
Reply
Sound analysis for long term.

Short term we're in corrective wave C.

Get in at the correct entry points:

Reply
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