Let me explain. These are all Fibonacci Extensions. The Market Maker is officially done imo so I am very comfortable posting these finished schematics. Many Extensions reach the exact ATH at 69k as you can clearly see...
The Schematics are numbered Chronologically. #1-#8 are placed in the order they were created. #3 are the SUPPORT Schematics that are highlighted in RED.
#1 and #2 are monthlies because they are considered longer term. HOWEVER, every single schematic can affect any timeframe so there is zero bias.
--For anyone thinking, "well theres lines everywhere so whats the point?" --All of these 'lines' are mathematically perfect so there is no arguing with them because they are all perfect and unique in placement.
The linked idea is my old one... so this new idea is the revamped one. (better)
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ZOOMED IN (WEEKLY TURNED INTO MONTHLY AND VISA VERSA)
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UPDATE: #5 and #6 Monthly Schematics are gearing up for a launch to 86k - 99k for the Halving which is only two monthly candles away. Many levels sit at 95k especially. As seen in #8, #7, #1, and #2.
hi michael. bitcoin hit 49K and crashed which target is bottom before rise to 250K ? thanks
MichaelBsul
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@arvine11, 36150 Zone is next major lvls but 38k can prob hold. For these Fibs the first two monthlies look really neat for support. The red one on the right is support from the highs getting rejected. #4 is a strong frontrun of 50k and fake out. I expect that specific fib box to determine the next moves.
MichaelBsul
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@arvine11, but just an fyi, I think the bottom is in already. Lots of targets hit at the recent low. Looks fine to continue up.