BTC (Y20.P6.E7).Only Fibonacci perspective.

2021년 1월 1일

Hi All

As the Title suggests, I thought I do a chart where you place some fib channels, extensions, etc and see if there is confluence. Just only applying Fibonacci tools.
I do believe this is going to turn out like 2019 where it goes parabolic meaning it breaks the upper trend line, over extends and then drops hard towards the impulses 0.5 or 0.618 retracement level. Just a gut feeling which we cannot use to trade, but only prepare if it comes.
This is in the link below in the previous post.

Note: The Fibonacci extensions are not just place anywhere, they are actually applied HH to the HL at the macro and medium macro price actions.
This is part of another post I did 2 days ago and I do believe we will hit one of the x.618 extensions for the reversal. The link to the other post is supplied below.

At this point or near about, if we do have a pullback which is likely this month, I see it going back to a strong support area of 23.5k to 24.5K as the starting point.

All the best,
S.SAri






PEVIOUS POST

2021년 1월 1일

노트

2021년 1월 1일

노트

did this a few days ago..add it to the mix for the short term target.

2021년 1월 1일

노트

Look up Livermore's Speculative Chart....so far on target.

2021년 1월 2일

노트

2021년 1월 2일

노트

You can see the fib levels get a response.

2021년 1월 2일

노트

2021년 1월 2일

노트

Next level?

2021년 1월 2일

노트

Its hit my AB=CD target

2021년 1월 2일

노트

Now a pause on the red resistance trend line. If it breaks this, we are going parabolic, over extending the upward wedge.

2021년 1월 2일

노트

Bloody hard to guess where but the indicators are still bullish with upward pressure.
More ups to go

2021년 1월 2일

노트

most important stage to make money or lose it