Could this mark the top for now? This could mark the macro target for this move since the bear market lows. I would like to see some sort of retrace to the 1.0 Level.
In my humble and usually accurate opinion.........
I think my modified BellFib Channel is a revelation and will lead to some of the best assessment for price movement analysis during this next year.
I have been tracking several Altcoins since this summer, and there were some great patterns that were lining up well. In the last month things have gotten a bit more dynamic and complex to get a read on. With the latest move to the upside I remain skeptical of there being much more upward momentum. Now I will be the first to admit that I could be totally wrong,...
Since we are dealing with new market structure I have decided to look back and see what measurements could prove valuable. This Fib Channel could have been drawn right at the end of 2018 and it called the top of the last bull run perfect. It also called the Covid bottom pretty dang well. I just want to have something to go off of. To me this seems to be the best...
This is my target range for the end of the year. Using a Fib Channel and Yearly Pivots this is my best guess on how the market will trend the rest of this year.
If Bitcoin does go Down to Scare the Hell Out of the Market, then this is were I think price will land before going on to make big money/smart MOney STUPID rich!
So this Model Combines MY Corona Model With Crypt0Jacks Sideways Pattern SP500 Idea. No Predictions here as much as I just can’t wait to see what happens in the model and if it will be VALID?
So what I did here is pull a Fib Channel, Fib Circle, and a Fib Retracement from the 2020 March Dump to the recent top at $69k. I've also put in a regular channel on this last year of price action. I feel that this is a great presentation of price measurement and could help to better understand future action.
