Than you for posting your chart. It indicates BTC will reach 40k before March, which is a few days from now. Is this the correct timeframe, or are you simply indicating direction and not timeframe?
Morteza-Emzajerdi
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@theworldinscents, No I did not set the time. Price Only. You are welcome.
MiketheN00B
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I´m also waiting for the 40.5k level. Interestingly enough, it is a confluence of the fib extension 1.0 of the current retracement, the golden pocket 0.618 of fib retracement, the 50 Day MA, the 0.382 retracement of the entire wave 3 (this correction is most likely the wave 4 and the parabolic madness will form the 5th impulse wave) which is typical for wave 4 and it just so happeens that it would bring the total correction to the 30% mark (like the last one).
Should it go further down, I expect it to form a 40% retracement on the 100 Daily MA, where the fib extension 1.618 patiently awaits its arrival. Let´s not forget that in 2017 each and every correction was around 40% and bouncing from the 100 Daily MA. This time, in Jan, Elon Musk cut the correction short just as it was about to drop to the 100 Day MA (according to the 2017 fractal). Between him and Saylor they can make shit happen.
Morteza-Emzajerdi
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@MiketheN00B, it's a neat & reasonable analysis to use fibs & MAs. Thanks for your time & attention.