This is an experiment.
As I predicted at the 3.2k, we will go to 5.3k:
Now I am shorting from 5233 area because the fibonacci is 0.618 in 5300, and the rejection confirmed my theory.
I can show you how this theory works:
after the first selling from 20k:
If we finally make our way to the up side, this can go to the 6288 max and 5800 most likely.
I closed all my longs from 3200 at 5238. The only thing I am doing right now is watching and enjoying this beautiful Fibonacci to play out.
1. Not even one single daily divergence yet. We bottomed the 3k area with 3 daily divergences.
2. I longed from 3.2k, so even we drop back to 4.6k it won't be a problem for me, so I will keep longing every dip.
3. We're entering a bull trend, longing every dip until the final fomo rally is the best option for me, as same as shorting until the...
In the bitcoin history every time after we broke the consolidation bottom's top(The red line) we had a rally to the 0.236 area first, or the previous break down support line (The purple line). For now, is the 6k. Anyone who use RSI to make their top call at 5.2k is the inappropriate use of the RSI. In the uptrend, we should see at least a divergence on the RSI to...