Everybody make up your mind :D
Updated
Any price action between fibonacci 1 and 2.618 is normal.
I don't think it's a coincidence that our long-term consolidation area that i showed in a rectangular is tangent to these points.
Fibonacci 1.618 point is very critical, it differs like night and day.
* The purpose of my graphic drawings is purely educational.
* Never take my personal opinions as investment advice, you may lose money.
I don't think it's a coincidence that our long-term consolidation area that i showed in a rectangular is tangent to these points.
Fibonacci 1.618 point is very critical, it differs like night and day.
* The purpose of my graphic drawings is purely educational.
* Never take my personal opinions as investment advice, you may lose money.
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Charts generally target 1.618 or 2.618 fibonacci levels.Below 1.618 ofcourse 2.618 is possible. No matter what anyone says.
Some people say It fell a lot, there is no logic that it will not fall more. Sometimes bear market can be more brutal.
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A reaction rise to $28,000 was normal according to this analysis.Count the elliot waves, we are at the 4 wave now, bears preparing for wave 5.
I am still very bearish and i still think that we will see Bitcoin below $10.000 this year.
Note
28499 was the top rejection level in this analysis. Yesterday it rejected from 28472.I will not buy Bitcoin unless it closes daily above this level.
Note
i expect 24.000 then up to 30.000 again. And finally i expect to enter last and the wildest phase of bear market. Maybe to 9000 or 3300.
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