Bitcoin Resonance Period and The 20k Pump Trap
Updated
first im not experienced TA in trading but just looked from a technical mechanical curve theory
Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k
I Assumed that the area in red box is just a resonance period
kindly google it (resonance curve)
which caused buy a forcing pump to 20k USD
let us assumed bitcoin just reached 5-6 k USD in 2017 smoothly
and was correcting last two month uptrend and downtrend from 5 -6 - 7 - 9- then 6 then 7 - 8 - 9 -10 - 11 and now correcting to 8-7
last two months was just a period for btc to return to stability after that resonance
so i think the curve in white and trend or channel in red is the stable and more real shape
from now lets do the following and fly
1: cancel the red box area (RED BOX RESONANCE area)
2: follow the chart as it hasnt reach 20k usd before
3: the actual price nowadays is about 10-11K and is correcting for it and will down to 7k and come back to pass 11k and reach 12-13 ten corect....etc
4: targeting about 20k this coming
is it more logic
Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k
I Assumed that the area in red box is just a resonance period
kindly google it (resonance curve)
which caused buy a forcing pump to 20k USD
let us assumed bitcoin just reached 5-6 k USD in 2017 smoothly
and was correcting last two month uptrend and downtrend from 5 -6 - 7 - 9- then 6 then 7 - 8 - 9 -10 - 11 and now correcting to 8-7
last two months was just a period for btc to return to stability after that resonance
so i think the curve in white and trend or channel in red is the stable and more real shape
from now lets do the following and fly
1: cancel the red box area (RED BOX RESONANCE area)
2: follow the chart as it hasnt reach 20k usd before
3: the actual price nowadays is about 10-11K and is correcting for it and will down to 7k and come back to pass 11k and reach 12-13 ten corect....etc
4: targeting about 20k this coming
is it more logic
Trade active
As i expected the BTC Ignoring till now many dumpsi expected the following targets
9250
9050
9250
10200
11300
12900
13450
13000
14575
then down again till 10200
Note
i thinkafter today closed price
the BTC is going for two options
1: break 8400 and comeback from 7400 untill 14000 then down to 9050 16500 10800 19000
2: penetrate 9200 to 10200 and bull to 10400 directly then down to 9050 16500 10800 19000
Note
wowwwwwwwww alsmost matching the imaginary white curve predictiongoing to 14k USDT then will correct to 9050 - 8800
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