This is a longer term scheme which covers the timing in terms of golden ratio (fib proportions).
Fractal Configuration/fib:
Decline: from ATH (timefib 0) to relevant lowest point (timefib 0.618) "A"
Uptrend/pullback 2019: from timefib 0.618 to 1 "B"
Recent correction/sidetrend: from timefib 1 to 1.618 "A"
Now we are left with the time from 1.618 to 2 the distance called "B" of the golden ratio. The recent uptrend is happening close to GR fib 1.618. Due to this I plotted all significant levels of resistance as well as the triggering levels in terms of fibs relating within the whole scheme. If there is any chance of a serious bullrun happening now, it must cross above red dashed resistance line, then the levels above it, will become more relevant.
Comment
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If a bullrun will not take place, making the whole resistance levels not useful, then use the chart for relevant levels below.
This has aged well sir , it seems there is no resistance if we go past 0.618 (13,346.00) , does it mean it goes straight to 19,780 as the next major resistance?
SafeHuang
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Love this post!
TWIMARKETCAP
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@fract, Question: if blocks only allows a limited number of transactions every 10 mins (because the size and the trx fees will be astronomical), it means that bitcoin cannot grow based on the number of people using the coin for every day transactions but it will only grow based only on speculation. Just like a Pump and Dump... Can this be possible?
BMLemon
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Lower highs, Lower lows, economic melt down, seems like a good spot to go long.
how2sanya
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Думаешь сейчас попытаемся сделать перехай?
fract
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@katafalkkkkkkkkk, ne day bog. No esli eto budet imet' mesto, to uznaem gde shortanut')))
Starred, bookmarked and everything else :) .
Thank you.