BTC ROAD TO 10K AND A HALF OR NOT?
FOR THE LAST 2-3 WEEKS, BITCOIN HAS BEEN IN AN UPTREND FORMATION FORMING SUPPORT AND RESISTANCE DIAGONALLY. NOW I HAVE TWO PREDICTIONS IF I MAY CALL IT SO. FIRST, BITCOIN WILL RETRACE (OR NOT) AND THEN PUMP UP BACK AGAIN. IT WILL RETRACE TO THE 0.5 - 0.618 FIB FROM ITS HIGHER LOW AND HIGHER HIGH. THEN IT WILL HAVE A RUN WHICH WILL LEAD TO ITS JOURNEY TO THE 10K AND A HALF(1.272 - 1.414 FIB EXTENSION). NOW SECOND PREDICTION, BITCOIN IS FORMING A HARMONIC PATTERN CALLED THE CYPHER PATTERN, THREE WAVES HAVE ALREADY BEEN COMPLETED EXCEPT FOR THE LAST WAVE WHICH IS THE D WAVE WHICH WILL BE DETERMINED BY THE FIB RETRACEMENT OF IT’S LEG TO THE C LEG. IF IT FINISHES THE D WAVE WHICH I FIND NOT REALLY IMPOSSIBLE BUT NOT REALLY POSSIBLE TOO BUT STILL, THE LEVELS AND THE SIGN BITCOIN IS GIVING CORRESPONDS TO THE EXACT RULES OF A CYPHER PATTERN HAS. ALSO, WHEN BITCOIN IS HAVING A COMBINATIONS OF PULLBACKS AND RUNS, IT MOSTLY FORM PATTERNS AND I DONT SEE WHY THE CYPHER PATTERN IS REALLY IMPOSSIBLE HERE. SO LET ME HEAR YOUR THOUGHTS TOO....
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