This is a simple chart based on yearly fib levels to find our targets for the next bull run (if there's one).
Things that lead me to believe bottom is in:
200 Daily MA finally got hit after more than 1 month of correction
Komen:
the week I posted this chart price went below the blue 200 day moving average and pink line but it managed to pull back and close above them (reversal candle) even though I have stayed neutral ever since and decided to wait a few weeks to see the chart develop a little more.
Price has made higher lows ever since the bottom at 6k and is now heading to a key resistance level at 12K (we had a lot of accumulation there before the dump).
a weekly close above 12k would be bullish, price should maintain making higher lows on the 4hr/daily timeframes.
Penafian
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Price has made higher lows ever since the bottom at 6k and is now heading to a key resistance level at 12K (we had a lot of accumulation there before the dump).
a weekly close above 12k would be bullish, price should maintain making higher lows on the 4hr/daily timeframes.