In first high around 260$(marked with blue) we marked a teritory in this regression rainbow. Next bull run from btc halving 2016 to 11. Dec. 2016 we reached top in same exact color. With top reached we also dropped in levels for 2 and half level.
With left red circle I marked where was the second high I guess marking this time bull run top level. It's logical to me this way therefore we also drop 2 levels from previus one. We can move white line (it moves on green color level) and see where in coming date will break yellow line.
From first top price fell 86%, second 84%. Maybe is coincidence maybe is pattern so I decided to choose 82% for falling price stopping at 44k-38k. 222k in $ is not my final analyse but right now I think is possible to reach 210-225k. I would be grateful for comments and I apologize for the grammatical errors.
With left red circle I marked where was the second high I guess marking this time bull run top level. It's logical to me this way therefore we also drop 2 levels from previus one. We can move white line (it moves on green color level) and see where in coming date will break yellow line.
From first top price fell 86%, second 84%. Maybe is coincidence maybe is pattern so I decided to choose 82% for falling price stopping at 44k-38k. 222k in $ is not my final analyse but right now I think is possible to reach 210-225k. I would be grateful for comments and I apologize for the grammatical errors.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.