Hello,
The people who had the opportunity to see my last idea on the BTC / USD pair could take advantage of this beautiful fall, and certainly knew how to appreciate the precision of the technical analysis.
Today, I would like us to see together in a very basic and direct way the evolution of the structure of Bitcoin.
You will notice on the graph that the old corrections for which the breath recoveries stopped at 0.618 of the correction, unwound the following semester on a continuation of correction until closing of the triangle.
We had a rejection in the same area exactly this year, and many indicators show me today that the 13.5k visited in 2019 are certainly the top of this structure.
This remains a hypothesis, the materialization of which would lead to price levels around 1200 dollars at the end of the year, before creating a new structure and seeking new levels. (In other words, the bottom of the 20k is still not reached, it is certainly not the 3k)
Thank you and have a good trade.
The people who had the opportunity to see my last idea on the BTC / USD pair could take advantage of this beautiful fall, and certainly knew how to appreciate the precision of the technical analysis.
Today, I would like us to see together in a very basic and direct way the evolution of the structure of Bitcoin.
You will notice on the graph that the old corrections for which the breath recoveries stopped at 0.618 of the correction, unwound the following semester on a continuation of correction until closing of the triangle.
We had a rejection in the same area exactly this year, and many indicators show me today that the 13.5k visited in 2019 are certainly the top of this structure.
This remains a hypothesis, the materialization of which would lead to price levels around 1200 dollars at the end of the year, before creating a new structure and seeking new levels. (In other words, the bottom of the 20k is still not reached, it is certainly not the 3k)
Thank you and have a good trade.
