Based on the historical data of previous bull runs and retracements, we're looking at a new ATH in the top blue box, with a 50% retracement in the lower blue box.
This is assuming that this run follows all the previous that hits the 100%-161% fib extension and retraces to 50% of the last run.
This isn't a normal run though I don't think:
1) all t fheutures will have opened for business
2) End of the year is fast appraoching
3) Coinbases adding new coins in Jan
So as always, who bloody knows, but this is my educated guess at the price action over the coming days.
Thoughts and comments welcome.
This is assuming that this run follows all the previous that hits the 100%-161% fib extension and retraces to 50% of the last run.
This isn't a normal run though I don't think:
1) all t fheutures will have opened for business
2) End of the year is fast appraoching
3) Coinbases adding new coins in Jan
So as always, who bloody knows, but this is my educated guess at the price action over the coming days.
Thoughts and comments welcome.
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