Fib retracement to the golden pocket back through the low volume price region and the two clouds is the maximum bounce I anticipate. Bounce to the 0.382 much more likely @ $5k psychological.
Forks from the start of the run to 20K, down to 5.8K. Sitting on of critical lines
This chart was inspired after watching the charting video (linked at the bottom), where AP used the daily close on a line chart to establish the ATH Log trendline. As you can see, we came back to the 0.786 and and now pushing both the 0.618 and trendline. In the video, AP applied this approach to the 2014 bubble, but found nothing interesting. However, I have...
Fib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time...
Fib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time...
Fib spirals, HVF target and fib extension all meet through a common zone along the long-term support line. Where they meet is about $2600 - $2800 around end of May/start of June. Extending the spiral fib pattern to predict the limitations of the next lower high to within a zone (and most likely within the downward channel).