Hey guys, please let me know what you think of these 2 situations. They are oddly similar.
This is a 3M chart, so it's a very long time period. The current 3M chart is for January - March.
In 2016 halving, BTC did a .5 Fib retracement before it 40x from ~$500 to ~$20,000
The current price retracement if .5 was hit, BTC would be sitting at ~$32,300.
I am not saying that .5 would be hit, but it's a probability.
Again, it could be hit anywhere from January to March, we will see.
Sure BTC could go up to test the
49K
resistance, but let's keep this in mind 😃
This is a 3M chart, so it's a very long time period. The current 3M chart is for January - March.
In 2016 halving, BTC did a .5 Fib retracement before it 40x from ~$500 to ~$20,000
The current price retracement if .5 was hit, BTC would be sitting at ~$32,300.
I am not saying that .5 would be hit, but it's a probability.
Again, it could be hit anywhere from January to March, we will see.
Sure BTC could go up to test the
49K
resistance, but let's keep this in mind 😃
Second target is .5 at around $32,000
You have to understand that these charts run on mathematical algorithm, not ETF or BlackRock or whatever news will always come up with 🙂