InvestMate|Bitcoin Where to join the rises? ₿

₿ Bitcoin Where to join the rises?

₿ This post is a direct continuation of a previous post in which I wrote about an upcoming upward wave that we have caught brilliantly.

₿ In this post, we will try to predict where the correction may end after which we will start the continuation of the uptrend.

₿ The key place on the chart is the support zone.

₿ It has been determined by two fibo levels. The first is the 0.382 level of the entire current upward wave. The second is the outer level of 1.272 of the entire downward wave from the peak in 2019 to the 2020 bottom.

₿ That is where I look out for the end of the downward correction.

₿ The nearest strong resistance zone is a cluster of fibo levels. The first is the 0.786 level of the entire upward wave from the 2020 bottom to the 2021 peak and the second is the 0.886 level of the entire downward wave from the 2017 peak to the 2018 bottom.

₿ There I expect the price to temporarily stop before further increases.

₿ The scenario I am playing out is a continuation of the increases from the support zone to the vicinity of the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

₿ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.

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