I'm Just sharing what scenarios I think we gonna see in the next couple to 6 months.
Attention, the drawings are not in the time scale.
After this correction, if Bitcoin rises in a logarithmic scale, we gonna be very very happy.
Good luck and good trades for all of us!
In my point of view, we are in an Expending Triangule with 3 major options:
A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable.
B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the...
If the prices of BTC closes above of these 2 Months Opening Price (8525,00 USD), luckly we will test the 1.272 (USD 13795.00), 1.414 (USD 15907.00) or 1.618 (USD 19521.00) Fibonacci Retracement levels set from the lowest to the highest price of the first 3 months of these year (USD 3850.00 - USD 10500.5)
This is what I'm thinking about the next 3 years.
I'm using my own indicators and draw the lines with common Fibonacci numbers;
I hope that I'm wrong, I really like Bull's time, but unfortunately. to have a good and healthy market, sometimes, the bears needs to show.
I'm sharing my auto complete maker of Support and Resistance Levels.
Its work on every kind of market!! And in every time Interval you wish.
You just need to select the minimum price amounted to round and then, other small details.
You can Select the sources, sizes, and other little inputs.
Hope you like!
We are in the end of this bear trend, but we will fall a little bit more one more time.
Be prepared to the fast fall!
If you are longing with leverage, don't forget to set your stops to prevent liquidations.
In my opinion, in the next weeks, we will fall to USD 2750, maybe with a leg touching the USD 2400 or something like that, and then Bitcoin we will rise up...
Using only historical data, Fibonacci, and simple Geometry, I'm making this very long term Bet to BTC with 2 kind of possibles dates and end prices.
Maybe it's too early to make soo long bet, but if you are a Hodler, maybe its good to start to think what will be the price in 5 or 6 year.
I start to study a little bit more of Fibonacci sequence and try those numbers on Bitcoin.
First, I setup a horizontal line from each Fibonacci sequence numbers as BTC price and find very interesting support and resistance levels
After that, I took the 15 days candles and put SMA with this numbers: 13, 34, 55, 89 and 144 (from Fibonacci sequence...
Searching a pattern, I found something very interesting:
The NASDAQ Compose Index between 1996 and 2000 is too close to Bitcoin movement, so I copied the pattern here.
If this is right, Bitcoin will hit USD 7500 in the next couple of days, then, will back too 6500, then 10700...