testertje777

testertje777

Sometimes things can be crystal clear.

testertje777

In case of a bullish continuation and a wave 5 together with bitcoin, this could lead to a 3k-5k in price considering the fibonacci levels. It is not certain yet that a wave 5 will follow. If bitcoin does not manage to proceed with a wave 5 during the next month or two, this idea might get invalidated.

testertje777

Simple idea. Note that I didn't keep the timing of the market in mind. This can develop over a longer time frame. A wick below the uptrend to the lower 20s is still possible in order to provide liquidity. As long as it's a wick and the daily closes above the uptrend, this idea stays valid.

testertje777

Keep it simple.

testertje777

- In case of a bullish continuation I can see the 20 USD resistance break to the upside, the next Fibonacci targets are: 38 USD, 62 USD, 85 USD. Reversal area will be 4-5 USD in that case. - In case of a bearish continuation and a longer term consolidation of Bitcoin, I expect Band Protocol to seek for the lowest support levels (alts do bleed out during a bearish...

testertje777

Band Protocol has been very volatile the past months and hasn't made any upward moves in general. In the bigger picture this has been a consolidation phase. When things get frustrating, a reversal signal is nearby. Indicators also don't lie. This is the time to start dollar cost averaging and riding a huge run during the months to come.

testertje777

If this retest holds, it will be a bullish signal in the longer run. Fundamentally, we also have N3 mainnet on the horizon.