BTC (Y20.P5.E6).My Guess - The Target

Hi,

This is as good as anyone's guess, based on observation of key levels on this Bitcoin Log Growth Curve.
Each fib level resonates support or resistance.
19800'ish is the resistance and pullback.

NOTE: BTC.Dominance just hit a key fib level.
We should see BTC slow down here and the ALTs theoretically come into play.
This is obviously all hypothesis with BTC dom. fib levels with support and resistance.

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Cheers,
S.SAri

BTCDominance chart

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Commentaire:

Found support at a good level.

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This is how you will identify a BTC reversal. This is BTCDown and the moment it looks like going up, is the moment BTC drops

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We are not done yet, but be cautious

Commentaire:

hits gone down a fair bit, making previous support resistance on the short time frames...its going to struggle getting back up, especially passing 18840
if you look at the daily chart, we have 2 red candles in the making.
How this closes in the next 21 hours will tell us if its a reversal.
From looking at this chart, it looks like a topping