We expect bottom to set-in within 72 hours, and for the phase 6 to complete for a new heading and direction in bitcoin, Target 10k Want the exact trade parameters, shoot me a DM.
Phase 1 Swing low, followed by an initial peak. (swing low) (initial Peak), Gains: F1 16.5% F2 46.27 Ratio 2.8 Duration: F1 52hours F2 632 Ratio 12.15
Phase 2 Initial peak to Higher Low, (HL) Once again labeled on the chart. Gains: F1 -15.6 F2 -45 Ratio 2.8
Duration: F1 64hours F2 504 Ratio 7.87
Phase 3 C for channel, 1 for being the first channel in this fractal, (C1) in this case C1 formed a rising wedge, that peaked at 61.8% fib labeled (LH), Hence, LH,C1. Gains: F1 10.4% F2 22 Ratio 2.11 Duration: F1 70hours F2 504 Ratio 7.2
Phase 4 The Knife A pullback from LH, C1, to form Higher Low 2, (HL2) at 23.6% fib level. Gains: F1 -9% F2 -20 Ratio 2.1 Duration: F1 11hours F2 108 Ratio 9.18
Phase 5 Channel 2, the rise from HL2 In the form of a secondary Channel, forming a new lower high to the 50% fib level. (LH,C2) Gains: F1 6% F2 10.8% Ratio 1.8 Duration: F1 48hours F2 351 Ratio
Phase 6 Final Shakeout, another sudden drop in the form of a smaller knife. From LH,C2, down to fibo 38.2% And then finally the squeeze. A big move that took Bitcoin price up to 1.618% Fibo, which also resulted in the entire market cap rallying for 30+ days. Gains: F1 -3.37% F2 EXPECTED, -8.4 -7.9 or -7.3 (most likely due to phase 4 correlation