Weekly chart showing us weekly resistance (red curve) and daily support ( green diagonal ) .
Actually, what this chart is confirming the most for me , is my believe for this cycle to be extended into Q1 2022.
My BTC prediction for example also extends into feb 2022.
Anyway, if this would actually play out, we could see price touching weekly resistance again around 14/03/2022 at a staggering 20k.
This weekly resistance happens to align with the 1 fib extension level.
Let's wait and find out what happens next.
Happy trading everyone !!!
Actually, what this chart is confirming the most for me , is my believe for this cycle to be extended into Q1 2022.
My BTC prediction for example also extends into feb 2022.
Anyway, if this would actually play out, we could see price touching weekly resistance again around 14/03/2022 at a staggering 20k.
This weekly resistance happens to align with the 1 fib extension level.
Let's wait and find out what happens next.
Happy trading everyone !!!
Comment:
Comment:
Above , the first reason why i think the cycle will extend into Q1 2022.
If we can hit the 1 extension fib here ( like we did in 2013 run ) we would sit at the middle green band . Forget "middle" , it could've been the upper or lower also as long as it was green. Fib extensions however happen to find confluence with the middle green band. Why do i say i has to be a green band? Well, "has to" maybe too much but when you see that the 2011 hit the upper red band , 2013 hit upper red band , 2017 only hit lower yellow band , well... considering the diminishing returns theory it would make sense for price to "only" hit a green band in this 2021 run. I say "only" because price would still hit around 180k. If we contine drawing this line further into 2025 and we say well, let's "only" hit a blue band here , price would hit a staggering 600-900k in 2025...
If we can hit the 1 extension fib here ( like we did in 2013 run ) we would sit at the middle green band . Forget "middle" , it could've been the upper or lower also as long as it was green. Fib extensions however happen to find confluence with the middle green band. Why do i say i has to be a green band? Well, "has to" maybe too much but when you see that the 2011 hit the upper red band , 2013 hit upper red band , 2017 only hit lower yellow band , well... considering the diminishing returns theory it would make sense for price to "only" hit a green band in this 2021 run. I say "only" because price would still hit around 180k. If we contine drawing this line further into 2025 and we say well, let's "only" hit a blue band here , price would hit a staggering 600-900k in 2025...
Comment:
You can also see the golden ratio zone align with a blue band in this run.
So, a 100k btc in december , small drop after that and the final push to 180k in feb / march 2022.
That's what i can see happening here.
Happy trading !
So, a 100k btc in december , small drop after that and the final push to 180k in feb / march 2022.
That's what i can see happening here.
Happy trading !