BITCOIN TO $48,000 ONCE RESISTANCE $10,500 IS PASSED THROUGH
Method focused on extension levels only, as future projected zone of resistance or support as it has proven in the past.
Method used to place Fibonacci was by: point A 0% being at lowest
of "Same Pattern" to the next nearest high Point B 100% of next candle,
Likewise on our days from the lowest day low to the next day high.
Assumption (Based on past): Once current 600% Fib ($10,500) is crossed up it will rally up to $48,400 (6,180%) Fibonacci.
If price moves are based on days, by November 2018 the rally will have been fulfilled. Otherwise if price ranges between 5,500 and 6500, Bitcoin is doomed to $4,000 for a couple years.
I think I haven't missed a point to make so this is now published.
It is because I see so many speculations: maybe this maybe that, 'be careful, (I don't know what's going on)' 'We are still bearish' 'This is the start of a trend'...
Look at the big picture.
Method used to place Fibonacci was by: point A 0% being at lowest
of "Same Pattern" to the next nearest high Point B 100% of next candle,
Likewise on our days from the lowest day low to the next day high.
Assumption (Based on past): Once current 600% Fib ($10,500) is crossed up it will rally up to $48,400 (6,180%) Fibonacci.
If price moves are based on days, by November 2018 the rally will have been fulfilled. Otherwise if price ranges between 5,500 and 6500, Bitcoin is doomed to $4,000 for a couple years.
I think I haven't missed a point to make so this is now published.
It is because I see so many speculations: maybe this maybe that, 'be careful, (I don't know what's going on)' 'We are still bearish' 'This is the start of a trend'...
Look at the big picture.
Change in opinion due to higher time frame studies, and on a market sentiment indicator.