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Hello Traders,
Just a bit of speculation and fun here really. This chart is assuming Bitcoin will complete is corrective cycle and do a 85% retrace which ends 1/10/17. I dont know if this will happen, just plucking figures from air.
Then Bitcoin goes onto pump for 650 days finishing somewhere around 01 /07/2020 at $54626. Timeframe and target just plucked again.
Just wanted a long timeframe chart to look at.
Not financial or trade advice.
Just a bit of speculation and fun here really. This chart is assuming Bitcoin will complete is corrective cycle and do a 85% retrace which ends 1/10/17. I dont know if this will happen, just plucking figures from air.
Then Bitcoin goes onto pump for 650 days finishing somewhere around 01 /07/2020 at $54626. Timeframe and target just plucked again.
Just wanted a long timeframe chart to look at.
Not financial or trade advice.
Comment:
Look left for 1st market cycle. Ive tried to make this as "realistic" as possible. I dont see why an 85% retrace is out the question, time wise it might take longer or shorter than my idea here.
Comments
The 6.9k support will hold and make a retest of 8.8k,its all down after that. 3-4k Great chart.
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@Bull2025, Hi, thanks for your comment. Ive been looking at my count again and done chart with an ABCDE correction for wave B. I have bounce at 7k ish then 8800 ish top.
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