Fibonnaci is the blueprint of everything you see, so look how BTC falls victim to it's laws.
So far my BTC analysis stood tall so here is the next one:
I have been zooming in on the chart to find BTC's again but found some distorted patterns.
To me this is the confirmation something is about to change.
What's happening now?
I'm convinced BTC will keep bouncing between the trading range of 38.2% and 50% until
the eastern dragon decides to show his might over bulls and bears fighting over penny's now.
And man he will roar. Around 16th of february
It's ennoying to see everybody trying to make accurate charts while it's not relevant.
It just shows the panic.
So my friends. Still same stuff. 14.5K long, 8k short
Note: BTC is not a bubble, the 100 trillion stockmarket is.
BTC is a newborn asset, following all the rules, allready fully accepted.
Just make sure you are mentally strong enough to NOT be influenced by manipulation
In this case it is clear where upper limit is. How do you decide where to place lower limit?
Any recommendations are appreciated.
The big one is in front of our eyes but the smaller one needed a bigger zoom in.
When you only focus on BTC from 28/10 to 13/11 you see why I picked 6 K as lower limit.
In 2 fractals, it came back to 6K, so if we hit 75K this year, are we correcting back to 6K? man the panic well be massive,
But the profits will be huge :D
Right now, BTC is not testing 10K resistance, it's doubting to stay above the 38.2%
Let's wait some final moments till the asian headaches are over