As you can see on this chart the far more probable direction for the next months is very clear and I am joining the 90% of professional analysts calling for a major bull run.
Bitcoin should break out of consolidation in the next few weeks and start an amazing run. It could even happen this very week.
Here is where the -0.618 mentionned on the chart would be located with a non log chart:
Tried it with a couple other charts:
Nikkei example:
Dow nearly a hundred years ago:
Dot com bubble:
Dax indice:
Gold:
EURUSD:
CL:
Brace yourselves...
注释
It's insane how boring and pointless this thing is. You have to use a magnifying glass on it to see a move. Is there a single crypto trader actually making money? XD
By the way do not listen to anyone explaining it is impossible USDBTC goes down, because logic and science does not matter, well it does, but they forgot a little detail: price manipulation. We are just a 10 billion Tether print away from 25.000$ BTC.
But at the same time, criminals have tried so hard to keep pedocoin up above 6000$ and it kept going down, if with all the manipulation the price struggled to stay above 5000... not so good...
注释
I think there should be a bear trap soon (USDBTC) and I'll post about it in due time (at the very most in 2 months),
But after this, nothing is stopping BTCUSD till 3 digits, with maybe a little bounce @3000
Most buying has occured at 5000-7000. There has not been very much magic been buying at 10k+, it did go up to 20000, but there weren't this many buyers, explains why it dropped so fast.
注释
Cryptoers love to draw triangles and use TA for their targets.
Well until now triangles have all gone to target.
It would be totally hypocritical of all the cryptoers to disagree with TA now because it is not going the way they would like it too.
Here is USD/BTC ascending triangle target gachigasm