Not in November dude. Too soon too fast. If you want to say sometime in Q1 2022 that would be different. This would basically assuming all previous built supports are not even tested.
UnknownUnicorn4285265
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@flai54 look how fast the March 2020 covid crash capitulated to the 1.618. I'm basing my November thoughts on the speed that the 2020 capitulation happened
ericdabbs
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@chataylo, I understand that but that was a difference of like 7K vs. going down 47K at this point. Again we are not having a COVID like event in the near future so that makes this even more unlikely in that short of a time period.
look at the 2019 fractal laid over the 2021 pattern. it sure looks like it matches up time wise
ClearOpenDoor
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@chataylo, That fractal shows a low of like 21k! What if that is the bounce zone after all? I'm just trying to test this theory from all angles. From a macro elliott wave perspective (and I'm no expert) I've been told that the downside target for a potential wave 4 is somewhere in the low 20s. Honestly I might not wait for a break of 20k. I think the true target might crush dreams for 100% of bulls and 80% of bears. Call it Mild Bear syndrome but I'll be super stoked to buy a $22,000 bitcoin and probably go broke trying to leverage long it if we do drop below 20 🤔
ericdabbs
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@ClearOpenDoor, Exactly what I was about to say. It only shows down to 21K which is not even close to 10K. But even 21K is unlikely in about 1 month. Until 28K is broken if we ever get there, this is just unrealistic.
UnknownUnicorn4285265
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@ClearOpenDoor I think its only helpful for a time based guideline and not a price based guideline. it's hard to make fractals useful with price but I find them accurate in a time projection
it was a 1.618 fib extension in 2019... I believe the 1.618 is going to happen again. though I will be paying attention the whole drop "if the drop happens" for signs the crash is over.
I'm definitely buying 10k. I'm going to sit in my short until 10k... or until another price holds as support for at least a week or two.
patience my man! :)
UnknownUnicorn4285265
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@ericdabbs what if I'm right though? what if I accurately predict a covid lockdown and the exact price bitcoin goes to?
does that not make covid an obvious bandaid to economic collapse?
if I can predict it ahead of time based on fibonnaci... that means covid didn't cause the crash. fibonnaci did.
if they lockdown again on the same 1.618 fib extension as March 2020...
does that make you a believer that covid is a scam? it makes me 100% certain its a scam if I predict this all happening.
do you think our world leaders are evil enough to screw the people? do you think they're honest?
I think they're evil. I think this crash is coming. I think this is the same crash as march 2020. if they lockdown on the same crash they locked down on before...?
Guilty of crimes against humanity.
Ehsan_1307
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Dude, although maybe 10k will happen but not next month! I know it happened in chart left hand side but we need a very big shocking news firstly to reach that low secondly in just 1 month. The lowest I would imagine is probably 30k in a worst case scenario but I believe we hit 10k one day.
UnknownUnicorn4285265
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@Ehsan_1982 i believe this "news" will be our next covid lockdown in the u.s. I think we're repeating the March 2020 covid crash