This yellow fib is this cycle from the high and the orange fib is from the previous ATH near $20k. Both fall to 0 at the $4,200 level. The magenta horizontals show where those two fibs overlap. If you look at the redlined and blue-lined downward trend channels as though they were one major channel that the candles have been following for nearly 6 months with...
I have had a large channel set-up that BTC has been following for a while, along with smaller channels, leading to a pattern that says it's still not moon time.
BTC value continues to tap on 200 EMA past + projection (orange) and, remains within the channels and triangle thingies. I predict it will continue following the downward channel shaft as it reaches the tip of the yellow triangle, then goes balls deep on the 200, regardless of consent. We aren't asking for it but, can see it coming as the Tether Bitfinex gang bang...
I'm not going to pretend mt TA is not a mess and my rainbow fib retraction goes from the bottom of this bull market reversal and to the top of the previous bull market in 2017 but, even as I was drawing out these final lines to show yesterdays call of $9500. Today $9580. (It gets more accurate as time rolls on.) I stated IF BTC does not break 10975, it will return...
