Welcome to my fractal analysis,
i did again compare the current price movements with the movements from december and could find again similiar fractals/patterns.
We are near the huge breakout. Im expecting it between 20th March and 22th March.
I drew 2 Fibonacci's and as you can see Bitcoin did retrace always down to the 0.786 Fib level.
BTC did touch the 0.786 Fib level the last time on the 8th February and this triggered the pump from $3360 to nearly $4000.
Now this looks a bit different.
The next huge breakout could lead to a massive pump (Up to ~6k) or to the lower low dump ($2800-$2500)
Why?
On the chart you can see a blue line on the upperside. This blue line starts on the January 2017 and creates with a other line on the bottom a huge falling wedge! (I will link a screenshot below that main chart)
And you can also see the dashed yellow line.. which i continued to draw from the last yellow symmetrical triangle.
All this lines do match PERFECTLY! And this could be the reason why i think that this could be the HUGE breakout zone.
Cheers
i did again compare the current price movements with the movements from december and could find again similiar fractals/patterns.
We are near the huge breakout. Im expecting it between 20th March and 22th March.
I drew 2 Fibonacci's and as you can see Bitcoin did retrace always down to the 0.786 Fib level.
BTC did touch the 0.786 Fib level the last time on the 8th February and this triggered the pump from $3360 to nearly $4000.
Now this looks a bit different.
The next huge breakout could lead to a massive pump (Up to ~6k) or to the lower low dump ($2800-$2500)
Why?
On the chart you can see a blue line on the upperside. This blue line starts on the January 2017 and creates with a other line on the bottom a huge falling wedge! (I will link a screenshot below that main chart)
And you can also see the dashed yellow line.. which i continued to draw from the last yellow symmetrical triangle.
All this lines do match PERFECTLY! And this could be the reason why i think that this could be the HUGE breakout zone.
Cheers