Hi fam,
Following our previous analysis about
BTC
and my clear thought on seeing Q1 a Red one i want to add a fresh view about previous fractals that has the possibility of recurring in coming months.
So here it goes,
a premature top or local top creates at 0.618 fib level of correction wave. Dec 2017 correction wave started from 20k to 3k and bounced. the best guess about how much did it bounce? fib. 0.618 is the answer.
So fib. 0.618 created out premature top before halving event around 13.8 k. the price printed the next low at fib. 0.618 and then my personal fib. level at 0.869 of the last impulse wave as an ABC correction. this was the max pain right before the main move starts from 3k to 69k.
the correction wave duration was 260 days.
-----------
This cycle we saw market top at 69k and correction wave ended at 15.5k (i shared this bottom many weeks before it happen in my ideas).
if we expect to see the last fractal happen again then price must bounce from 15.5k about fib. 0.618. it is what exactly happened. price bounced to 48.5k which matches fib. 0.618 of the last correction wave.
So far it repeated the last fractal by notable accuracy.
-----------
what to expect next?
if we consider 48.5k our new premature top before halving then the correction to levels of 0.618 and my level at 0.869 will give us these numbers:
26.6k and 19.3.k.
-----------
I expect to see price at these levels in coming weeks and months.
Q1 as i said before will most likely to be Red.
Q2 will most likely to be Green with a "B" wave from 26k to 40k.
Q3 will be Res again to show the max pain down to 19k.
Q4 will be mind blowing Green again.
-----------
These are my personal thoughts and might be wrong. Always DYOR.
Cheers!
Following our previous analysis about
BTC
and my clear thought on seeing Q1 a Red one i want to add a fresh view about previous fractals that has the possibility of recurring in coming months. So here it goes,
a premature top or local top creates at 0.618 fib level of correction wave. Dec 2017 correction wave started from 20k to 3k and bounced. the best guess about how much did it bounce? fib. 0.618 is the answer.
So fib. 0.618 created out premature top before halving event around 13.8 k. the price printed the next low at fib. 0.618 and then my personal fib. level at 0.869 of the last impulse wave as an ABC correction. this was the max pain right before the main move starts from 3k to 69k.
the correction wave duration was 260 days.
-----------
This cycle we saw market top at 69k and correction wave ended at 15.5k (i shared this bottom many weeks before it happen in my ideas).
if we expect to see the last fractal happen again then price must bounce from 15.5k about fib. 0.618. it is what exactly happened. price bounced to 48.5k which matches fib. 0.618 of the last correction wave.
So far it repeated the last fractal by notable accuracy.
-----------
what to expect next?
if we consider 48.5k our new premature top before halving then the correction to levels of 0.618 and my level at 0.869 will give us these numbers:
26.6k and 19.3.k.
-----------
I expect to see price at these levels in coming weeks and months.
Q1 as i said before will most likely to be Red.
Q2 will most likely to be Green with a "B" wave from 26k to 40k.
Q3 will be Res again to show the max pain down to 19k.
Q4 will be mind blowing Green again.
-----------
These are my personal thoughts and might be wrong. Always DYOR.
Cheers!
