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...