BitcoinLong
Pre-Halving Prediction
The present trading channel is clearly bound by strong S/R. The bottom bound being ~8400, and the upper bound being around ~10500. Within this S/R channel, I overlaid a White FIB Chart. Using the FIB Chart, the price reversals of 2020 are easily visible.
Prediction:
The current upward impulse will end around March 27 @ $9600
Reasoning:
A strong S/R exists at the 38.2% FIB level ($9700).
The white trend line of the FIB Chart intersects this strong S/R at this point.
The proof in the pudding, as time will tell.
Do with this information as you wish.
Final cliche: this is not investment advice.
Prediction:
The current upward impulse will end around March 27 @ $9600
Reasoning:
A strong S/R exists at the 38.2% FIB level ($9700).
The white trend line of the FIB Chart intersects this strong S/R at this point.
The proof in the pudding, as time will tell.
Do with this information as you wish.
Final cliche: this is not investment advice.
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