Btc got a move from December in a strong fall.
The movement seams harmonic, as a .618 fibo projection.
Each movement makes a consolidation period and than a Breakout.
The last movement got just another 0.618 until the consolidation.
For me, if BTC loses the least buttle, on 18k USD, probably nothing will stop to take another fall movement.
But as you can see, each time it occurs, the consolidation gets bigger. It probably happens because participants are fighting for the price next move.
As we have no possible Good News to come in next weeks, I mena...
no stopping war, no good agreement on europe wintter, no decrinsing inflation on US...
So without good expectations, investors won't take risk. As BTC is a High grade Risk, it will probably be a position to stop, pushing more the prices.
The movement seams harmonic, as a .618 fibo projection.
Each movement makes a consolidation period and than a Breakout.
The last movement got just another 0.618 until the consolidation.
For me, if BTC loses the least buttle, on 18k USD, probably nothing will stop to take another fall movement.
But as you can see, each time it occurs, the consolidation gets bigger. It probably happens because participants are fighting for the price next move.
As we have no possible Good News to come in next weeks, I mena...
no stopping war, no good agreement on europe wintter, no decrinsing inflation on US...
So without good expectations, investors won't take risk. As BTC is a High grade Risk, it will probably be a position to stop, pushing more the prices.