DamZanDon

DamZanDon

Just a big picture view of Bitcoin and what has happened historically. No price or date predictions, simply a likely trend. I'd expect us to grind back up to 20K in the channel and sometime afterwards we go parabolic again. Bitcoin is a naturally parabolic asset due to it's finite supply, global reach and the hype factor. This combined with all the infrastructure...

DamZanDon

Three major support zones coming together around 4300-4600. 1. Weekly Bullish Order Block 2. Monthly Bullish Order Block 3. Old channel that has previously been resistance and then support could act as support again.

DamZanDon

Elliot wave to get overall direction of the chart and fib extension to determine possible targets.

DamZanDon

At major trend line support, elliot wave correction coming to an end, good time for entry.

DamZanDon

This all depends on if we are currently in a impulsive down wave. If so, we could have a small correction upwards here and then fall further.

DamZanDon

Elliot wave projection with fibonacci, points I plan on selling and rebuying.