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Mirroring

BITCOIN Price Mirror LONG Idea I use mirror path to try to predict the trend pattern and it came out very well, we can see how the trend is following the path almost perfectly, blue lines are important support and resistance levels. It looks like we can stay for at least three or four weeks between 28k and 32k levels. The measure move from today to 50k is around 185 days. If the path follows to the end we could see at 67k in around 200 days. Remember this is only an idea and the pattern can change anytime depending on news , economic performance, etc. Fell free to share your thoughts, thanks for following!
Long
by cryptofairylana
Mirroring, Harmonics & ExpansionsI expect a mirroring of the price action from the left side of the B point. Thus the CD leg should have the same (negative) slope as the XA leg. Then I noticed that it would form a harmonic pattern and I checked out the harmonic ratios. Turnes out that all are fib ratios. The OTE sweet spot is actually a fib ratio, too, but not many know it. Out of interest I applied a fib expansion on the last beakout leg (broke out of inverse H&S) and the typical target 0.764 - 1 falls right into my previously established target area. To sum up, there is great confluence of resistance around 275 where I will be looking to sell. Rightnow at 245 it's still a clear BUY up to 270 minimum ! Also check out the MAGNUS® Cycles on Bitstamp daily. It just plotted a rare buy signal aswell ! You can find it by typing "magnus" in the search box within the indicator menu. Good Luck with your trading and take care :) If you have any question feel free to PM me or leave a comment bellow.
BITFINEX:BTCUSDLong
by MagnusTradingGroup
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