BTC (Y20.P6.E7).Only Fibonacci perspective.
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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
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
Nota
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did this a few days ago..add it to the mix for the short term target.Nota
Look up Livermore's Speculative Chart....so far on target.Nota
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You can see the fib levels get a response.Nota
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Next level?Nota
Its hit my AB=CD targetNota
Now a pause on the red resistance trend line. If it breaks this, we are going parabolic, over extending the upward wedge.Nota
Bloody hard to guess where but the indicators are still bullish with upward pressure.More ups to go
Nota
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This community has signals now but with no risk management comms.
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