BTCUSD Targets and reasoning!
Updated
Check my previous published BTC idea for a more in depth idea of where im coming from ... I called $24039 on Dec 9th. While it was at 17900!
Targets are:
$24030. =s range of 2017 to 2018 yearly closes plus 2017 close. Came close missing it by $110 12/16/20 . Also is 23.6% of 100k
$26342 equals 500 billion market cap
$33333 . 1/3 of 100k
$36654 . Equals 2018 range + 2017 high. Also is pretty much 38.2% of 100k
$52684 equals 1 billion market cap.
And a test of 50% of 100k.
Downside targets
$19891 previous high
$17800 which is 33.33% of 1billion
$13863 which was the close of 2017
$12300. Where trump said he didn't like it.
$0. It got hacked 😳
Targets are:
$24030. =s range of 2017 to 2018 yearly closes plus 2017 close. Came close missing it by $110 12/16/20 . Also is 23.6% of 100k
$26342 equals 500 billion market cap
$33333 . 1/3 of 100k
$36654 . Equals 2018 range + 2017 high. Also is pretty much 38.2% of 100k
$52684 equals 1 billion market cap.
And a test of 50% of 100k.
Downside targets
$19891 previous high
$17800 which is 33.33% of 1billion
$13863 which was the close of 2017
$12300. Where trump said he didn't like it.
$0. It got hacked 😳
Note
Also interesting, futures trading in BTC started on 12/18/17. Exctly 3 years to today where these highs were made. Also btc bottomed on 12/18/19 . Look at the chart. Even tho it broke thats days low in March 2020 I still believe the bottom was exactly 2 years after wall street tried to ruin it. And that the covid scare low wasn't a real representation of real value. Also on that date in 2017 a Circuit breaker was implemented for crypto
Note
Btc ran $19918 off the bottom it made in March 2020. 20k.for.2020 lol. Also 19892 was the previous high so it ran the same #.
Crazy how the reciprocal patterns work so well.
If it breaks out to the upside again we look for $36654. which is the high 2017 ($19891) minus the low of 2018 ($3128
Note
16,763+19,891 = 36654Note
Bitcoin made a high of $33300 this amWhich gave it a exact valuation of $618 billion 61.8% of a trillion
also is 1/3 of 100k and 1/3 of 30k to 40k
Then less then 90 minutes later bitcoin fell to $30180 a 10% retrace.
Falling $3120,
If you add $3120 to the high of $33300 it gets us close to may next target $36654
which would also be 2/3 of 30k to 40k
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