[10/27] Beast Trading _ Today's Bitcoin Analysis

[10/27] Beast Trading _ Today's Bitcoin Analysis

Today, we're going to analyze Bitcoin from a different perspective.

I can see it from this perspective. Please understand that~

[1]
The first picture is in January 2021.

Bitcoin is located near $29,000

Low (28.2k) -> High (42k) If you draw Fibonacci,
You can see that the "0.94 (28.9k)" section has reached its lowest point, and there has been a big increase since then.

At that time, a lot of people saw a 28.2k low renewal, but it went close to the low, but it didn't renew, and then a big rise came out.


[2]
The second picture is in June 2021.

Bitcoin is located near $29,000

Low (28.8k) -> High (36.6k) If you draw Fibonacci,
You can see that the "0.94 (29.3k)" section has reached its lowest point, and there has been a large increase since then.

Likewise, at this time, many people thought of renewing the low point, and many held short positions. Eventually, it got close to the bottom, but it didn't renew and then a big rise came out.


[3]
This is the most important current picture.

Low (17.6k) -> High (25.2k) If you draw Fibonacci,
The "0.94 (18.1k)" section, which looks like a low point, is accurately captured.

Then suddenly, a strong rise is starting to emerge.

This analysis is called a fractal analysis.

Bitcoin is expected to rise more than 100% (double) against the low point if it flows in a similar pattern to the past movement.

*The global economic situation (fundamental analysis) is completely different from those two branches.
*There is a technical analysis of this viewJust know that much!