Possible Big Move for BTC between June and early August
So i took the fib timezone indicator from our ATH to our recent swing low and dragged it to the Last Swing Low before the initiation of the last bull run and it gave out some interesting results.
Each Time fib managed to almost perfectly correlate with a major price action and also a change in market sentiment.
I was actually quite shocked with this thought it could be a coincidence but while looking through the chart I noticed so many times this indicator managed to be right.
So i noted each change for each different level and placed them on the chart for all to see.
If this FIB trend continues to be correct, we should be seeing another major shift over the Summer months along with something very HUGE during the Fall.
Using this indicator alone i am unable to tell you with confidence rather or not the time events will be positive or negatives but i can tell you that what ever happens will have very noticeable impacts on how the marks decides to move but I will tell you what I'm looking at right now.
Currently what i'm looking at is the ascending trendline in green. This trendline is a leftover from my initial BARR chart on BTC that i will link to that chart here.
In that Chart i stated that if BTC could touch that trendline and make a mini bounce off of it again that that the BARR would become invalidated and that we would continue on a slower grind upward from there.
If price were to consolidate from now to the time that trendine is touched then we may be forming a large bull flag that would shoot us up towards our previous highs at $8500 and if we break through $8500 it will be a confirmed bull market the timing of all that just so happens to be near the next Fib Time Zone. So keep your eyes out for coiling price action up to the trend line and see if the market respects it and bounces. If we dip below it then we might see prices returning to $5000.
This has been a fun TA and an interesting one to verify I look forward to the Summer months to see if this trend continues to validate our indicator here.
Each Time fib managed to almost perfectly correlate with a major price action and also a change in market sentiment.
I was actually quite shocked with this thought it could be a coincidence but while looking through the chart I noticed so many times this indicator managed to be right.
So i noted each change for each different level and placed them on the chart for all to see.
If this FIB trend continues to be correct, we should be seeing another major shift over the Summer months along with something very HUGE during the Fall.
Using this indicator alone i am unable to tell you with confidence rather or not the time events will be positive or negatives but i can tell you that what ever happens will have very noticeable impacts on how the marks decides to move but I will tell you what I'm looking at right now.
Currently what i'm looking at is the ascending trendline in green. This trendline is a leftover from my initial BARR chart on BTC that i will link to that chart here.
In that Chart i stated that if BTC could touch that trendline and make a mini bounce off of it again that that the BARR would become invalidated and that we would continue on a slower grind upward from there.
If price were to consolidate from now to the time that trendine is touched then we may be forming a large bull flag that would shoot us up towards our previous highs at $8500 and if we break through $8500 it will be a confirmed bull market the timing of all that just so happens to be near the next Fib Time Zone. So keep your eyes out for coiling price action up to the trend line and see if the market respects it and bounces. If we dip below it then we might see prices returning to $5000.
This has been a fun TA and an interesting one to verify I look forward to the Summer months to see if this trend continues to validate our indicator here.
Trade closed: target reached:
Looks like Bitcoin touched the line and failed to maintain support and proceeded to dump. I was a month off but otherwise i think this chart showed us the way.
