So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long.
For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started.
3rd touch point on the channel support, waiting to see...
As my previous idea mentioned, we see it chose the first path. Relatively close to the support and/or resistance.
Let’s wait how this plays out, short-term, Iexpect a correction and then see the extent of it.
Had to Re-Publish due to my log chart moving my trend lines in my previous idea...
Orange circles - Areas of interest, where to accumulate and buy.
Key target for the long-term, perhaps after halving. 1.618 Fib Extension established at around 200-220 K, assuming Fib retracement from previous bull run is hit at 0.618, which is my favorite number for long-term...
Orange circles - Areas of interest, where to accumulate and buy.
Key target for the long-term, perhaps after halving. 1.618 Fib Extension established at around 200-220 K, assuming Fib retracement from previous bull run is hit at 0.618, which is my favorite number for long-term technical analysis.
220'000 / 8'000 to 12'000 = 27.5x to 18.3x ROI. (Or 2'750% to...
As we trace long term patterns, we see some of them crossing and perhaps foreshadowing what might happen on lower timeframes.
A channel down pattern shown by bigger trend lines might indicate it will touch base at support (10-12K) and should breakout to the upside to join the next resistance.
Volume is low, would expect this to happen until more volume hits the...
