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deMaelstrom
Jul 20, 2021 7:03 PM

Imminent Bitcoin Krach: an Alternate Look at Fibonacci Long

Bitcoin / TetherUSBinance

Description

Just don't look at Fibonacci solely as horizontal lines expecting a support or a lack thereof.
Instead with these Fibonacci trend lines, you'll see where to expect support in the soon-to-come™ krach and after...

Swallow the blue pill then buy the dip... And this is a financial advice! 😅

Trade safe and be well.
Comments
Cryp0Crypt0
...it was a "perfect" ORL
deMaelstrom
Don't be afraid of a potential "krach" or, as I like to put it ironically, a soon-to-come™ krach! Indeed, even a fall to 56k or 54k-ish wouldn't break the Bull Run as you may see on the chart above if you extend it to the current time. (BTW, I recall putting this chart up in a hurry so the lines aren't as precise as I'd have liked them to be; Fibonacci requires better precision but you get the idea).
Anyway, there are plenty of support with Fibonacci lines to stop and cushion the downfall to very tolerable levels (And I do expect it to drop further). So, the current trend and potential market correction will only result in a new dip that one may be well inspired to buy.

Trade safe and be well.
Tea_TacticalEspionageAction
et bim une fusée, bien vu l'analyse, j'aime ça 👍
deMaelstrom
@Tea_TacticalEspionageAction, Merci.
Je te renvoie le compliment sur ta récente lecture sur le BTC. 😉
Tea_TacticalEspionageAction
@deMaelstrom, merci à toi également ;)
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