Hello guys, Happy new year.. I hope 2021 will golden year for crypto.
I really believe in Fibonacci channels. As you can see we can draw this Fibonacci channel with 3 points in yellow rectangles. It perfectly fits the whole graph. ( especially ATH and 983 resistance in 2018 and other points too ) If there will be a retracement, it can be Fibonacci 1.272 channel or more can be at MA50.
When we look at in BITSTAMP:ETHBTC It was 0.12 before. I expect the same ratio in 2021 again.
BIG money is buying all this stuff up quicker than they can mine it. and they arent going to sell it. they want to control the future of money. owning all the crypto goes a long way toward that.
so previous rules of normal big pullbacks dont apply anymore. obviously we'd all like to have it drop to 400 and buy more but that's just so unlikely given the fundamentals that are creating this insane parabolic run that really isn't showing any sign of slowing. so start scaling in on dips and if we get lucky and get a major dip then prayers answered.
but don't count on it.
geekpe
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400-500usd then moon ath is posible
similar to btc years ago 3xx to 2k
what part of "BIG money is buying all this stuff up quicker than they can mine it" do you folks not get?