My Fib levels from 2019 - BTC on its way to $9888
Updated
I've had this fib level drawn on my main chart since 2019, and it's been hitting all the zones on this chart very nicely.
The only next big stop is at the 0.618 level of $9888, and this would probably be the best buy for the next 2-3 years. However, there is the 2019 support level at Fib 0.786 at $13419 also.
I hope it doesn't go below that, but if it does, then $9888 is the absolute bottom in my opinion.
In both charts (log chart above, regular chart below), one can see that in the regular chart, the 0.618 fib level corresponds to $13,464. This is very close to the 0.786 level on the log scale with $13419.
Therefore, it's safe to assume that that $13,400 is most likely the next target and strong support zone. Anything below that is a problem if it doesn't stop at $11,507 (0.5 fib level on regular scale).
Because after that, there is absolutely no hope until $9888 as mentioned.
In summary ->
Likely target #1 - $13,419 to $13464
Likely target #2 - $11,507 (golden pocket inverse area, high chance it rises from here and never goes lower)
Unlikely target #3 - $9,888 (also the strongest support and bullish reversal here)
The only next big stop is at the 0.618 level of $9888, and this would probably be the best buy for the next 2-3 years. However, there is the 2019 support level at Fib 0.786 at $13419 also.
I hope it doesn't go below that, but if it does, then $9888 is the absolute bottom in my opinion.
In both charts (log chart above, regular chart below), one can see that in the regular chart, the 0.618 fib level corresponds to $13,464. This is very close to the 0.786 level on the log scale with $13419.
Therefore, it's safe to assume that that $13,400 is most likely the next target and strong support zone. Anything below that is a problem if it doesn't stop at $11,507 (0.5 fib level on regular scale).
Because after that, there is absolutely no hope until $9888 as mentioned.
In summary ->
Likely target #1 - $13,419 to $13464
Likely target #2 - $11,507 (golden pocket inverse area, high chance it rises from here and never goes lower)
Unlikely target #3 - $9,888 (also the strongest support and bullish reversal here)
Note
Same chart but on regular scale (not log)Note
I'm calling it. Feb 4 it finally hits bottom, starts rising and break for new highs in Apr first weekNote
It's repeating the cycle from 2018-2019Note
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