So if you are familiar with my previous idea...
I'm presenting to you the more zoomed out version. Two very significant things happen that makes me more confident in my understanding of this btc cycle.
Those are 4h candles.
1) the btc price started to establish and consolidate above our 0.782 fibonacci level. If we can stay above then my next target would be the 1 fibonaci level with is currently around 67k.
2) we crossed the second last green fibonaci circle and consolidating above. Which puts us in the very close to finish phase 1 of this bull market. Once we cross the last thick green fib circle level and come confirm it as resistance then its a confirmation for me of the phase 2 bull cycle that will bring us all the way up to the black fib circle.
I'm aware that we could easily pull back to 51k in the short term, but in general I'm sure we are going to witness another parabolic run very soon!
So cumulate as much as you can and dollar cost avarage.
If you trading, make sure you don't use a leverage higher than 10x, its gonna get violent...
Good luck everyone and I hope we cross that thick green line withing next 2 weeks!
I'm presenting to you the more zoomed out version. Two very significant things happen that makes me more confident in my understanding of this btc cycle.
Those are 4h candles.
1) the btc price started to establish and consolidate above our 0.782 fibonacci level. If we can stay above then my next target would be the 1 fibonaci level with is currently around 67k.
2) we crossed the second last green fibonaci circle and consolidating above. Which puts us in the very close to finish phase 1 of this bull market. Once we cross the last thick green fib circle level and come confirm it as resistance then its a confirmation for me of the phase 2 bull cycle that will bring us all the way up to the black fib circle.
I'm aware that we could easily pull back to 51k in the short term, but in general I'm sure we are going to witness another parabolic run very soon!
So cumulate as much as you can and dollar cost avarage.
If you trading, make sure you don't use a leverage higher than 10x, its gonna get violent...
Good luck everyone and I hope we cross that thick green line withing next 2 weeks!
Comment:
It's a zoomed in version btw. Excuse my mistakes in the description.
