BTC 1D Gann Box in action
There are a lot of coincidences on the BTCUSDT chart. Just look at how the calculations get to the bottom of 2018, then the first high of 2019.
And so it turns out that this week can become fatal.
And another interesting coincidence of dates adds intrigue:
On 17 December 2017, ATH BTC was fixed at level of almost 20k and today again on 17 December only 2020, and the new ATH is only almost 24k. Is it a manipulator's birthday today, or what kind of holiday? :)
If we apply the wave analysis, then we can assume that the third wave is ending now and a good-quality correction can be expected ahead of us.
The minimum correction should be expected in the zone of $11,500-12,000.
Of course, not this second and immediately, this process can take up to six months.
The stronger level is $9800, just look at the chart how well it performed its function: both as resistance and as support.
And yes, we are aware that everyone is writing and saying that this bullrun cannot be stopped and this is only the beginning.
Consider our idea as an alternative scenario.
If we look at the prospects for the future 2021, the year of the bull, then it can turn out to be very interesting and hopefully profitable.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
And so it turns out that this week can become fatal.
And another interesting coincidence of dates adds intrigue:
On 17 December 2017, ATH BTC was fixed at level of almost 20k and today again on 17 December only 2020, and the new ATH is only almost 24k. Is it a manipulator's birthday today, or what kind of holiday? :)
If we apply the wave analysis, then we can assume that the third wave is ending now and a good-quality correction can be expected ahead of us.
The minimum correction should be expected in the zone of $11,500-12,000.
Of course, not this second and immediately, this process can take up to six months.
The stronger level is $9800, just look at the chart how well it performed its function: both as resistance and as support.
And yes, we are aware that everyone is writing and saying that this bullrun cannot be stopped and this is only the beginning.
Consider our idea as an alternative scenario.
If we look at the prospects for the future 2021, the year of the bull, then it can turn out to be very interesting and hopefully profitable.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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