When you understand BTCUSD movement, you know what's likely to happen.
From several ideas look into BTCUSD from it's nature, I think BTCUSD's nature showed on it's price movement. you can find some of those ideas at the end of this idea
As each coin/pair has it's nature, it's likely to repeat.
1. It sticks to bull hype fib: BTCUSD history bull counting: formed fib 4.236( ATH ), turn it into 1 for another bull counting, targeting fib 4.236:
2. it sticks to bear fib target: after reaching ATH, we use fib 1.272 to see history retracements. in 2013 bottom and 2015 bottom, we see the retracements as:
mark ATH as 1.272
Bear target: 0.236 Way to bear target: directly down to 0.236/0.382, pull back till 0.786, then down to 0.236.
more details in both history scenarios are: scenario 1(2013 retracement): ATH - 0.236 - 0.786 - 0.382/0.236 scenario 2(2015 retracement) : ATH - 0.382 - 0.786 - 0.236
3. history repeats? what's now? it follows 2013 pattern - fall from top(mark as fib 1.272) to fib 0.236, then bounce up to fib 0.786. then expecting it drops to around fib 0.382 levels:
Let's see how focused is BTCUSD of it's bear fall fib levels respected: draw 2019 bounce up partial bull- bottom as fib 0, top as fib 1.272
this bear fall respect the levels too - bounce from around fib 0.5 to fib 0.786 - then going to fib 0.382 and having some bounce up play to fib 0.5 area then heading to fib 0.236?
is it similar to something we saw before? yes, it's the play of bear fall in 2015:
From 2018 bear fall fib 0.382 and 2019 small bear fall fib 0.236 levels, It leads to similar price levels, that's around 5000usd There you go.
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what we are expecting now?
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let's see where you will get your lucky BTC around bottom?
in a typical hype fib 2.618 look. btcusd movement matched well of: - base fib 0.236. - 1st consolidation around fib 0.382-0.618 - 1st hype to fib 1.272 retracing to fib 0.786. - top up to fib 2.618 if breakout fib 2.618, consider fib 4.2 if can't breakkout fib 2.618, gonna consolidate above fib 1.618 until it breakdown. likely to down to fib 1, then pull back to fib 1.618 for retest then heading for likely bottom around fib 0.382/0.236
yes, that's where ur lucky btcusd could be. around that levels. better set multi- buy levels
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more look of hype fib 2.618 levels playout:
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by far, btcusd did not breakout 8000usd, means it showed still in downtrend. then follow the original idea.
But there is an scenario if it breakout recent previous high of 8000usd. in that case, let's see what's happening: fall of 2013:
fall of 2015:
its inverted chart with leading diagonal:
in both 2013 and 2015 fall, it had the red small corrective wave abc. abc in relations of b=0.618 of a; c=0.786 of a.
if btcusd current movement repeats history, then:
with all clear S/R looks to pay attention to:
- if breakout for pull up, watch out those blue S/R - if can't breakout those blue lines and continue going down, watch out those green box levels of support to go.
Trade safe.
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make it simple: Day chart: MA100
Weekly Chart: MA188
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if price breakout MA99 and reach around 10k, then follow 2019 Dec 23 update:
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wave b target reached, following 2019 Dec 23 update.
-- Trust yoursel, trust what you found out. Keep learning. Trust what the market told you again and again. coz it's gonna tell the same now and in future.
if there are market maker in financial asset/market. then why would you believe there's no market marker on btcusd?
financial market/asset is made by lots of money, actually huge money. for those market maker, it's hard and it's about being professional. coz they have to follow the intl financial market rules and history well founded rules.
that's why you can see the william gann's 1/2 bounce up short levels: in 2013:
in 2015:
and in 2020: --
what's now? BTCUSD: btcusd has to respect all the S/R levels. from the prices and levels it already formed. it will get into another consolidation zone(9k-10k) before dropping.
ALTS: what will alts do when btcusd is consolidation on recent high(9k-10k) your long waited alt time is coming, some are already on.
ALTBTC: can't say u would easily get to 10x. but 1-2x or 1-3x would be what you get get in most of the coins.
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