Likely turning points - when bear ?
Putting beginning (1) Nov 13 and end (2) Aug 15 of bear run (of 21 months) gives us key reversal points for the bull run that follows:
.236 (441.70)
.382 (573.08)
.500 (679.22)
.618 (785.36)
.786 (936.47)
1.00 (1128.96)
1.272(1373.62)
1.618(1684.84)
2.000(2028.38)
3.000(2927)
3.618(3483.80)
4.764(4514.60)
Major corrections happened with retracing from
.5 to .236 (679.22 to 441.70)
1 to .618, (936.47 to 785.36)
3 to 1.618. (2927.86 to ~1850 instead of1684 ***)
4.76 to 3 (4514 to 2927.86)
Then extended to 4.76 of the new fib series formed with 0 point superimposed to the prior 1 (1128.96) and the 1 points superimposed on the prior 4.764 (slightly above 4514.60)
Similar level projections should correspond to less $ value % losses which on a human experience level we can refer to as institutional adoption.
Doing the same exercise for the bear cycle beginning (1) Dec 17 (1) Feb 19 (of 14 mo) gives us key reversal points for the bull run that follows
.236 (7.1k)
.382 (9.6k)
.500 (11.5k)
.618 (13.4k)
.786 (16.2k)
1.00 (19.7k)
1.272(24.2k)
1.618(29.9k)
2.000(36.2k)
3.000(52.7k)
3.618(62.8k)
4.764(81.7k)
Thus far we have seen projections and bounces
.612 to .382
.5 to .236
.5 to .382
vibration around 1, 1.272, 1.618
2.272 to 1.618
Now 3.618 to 2.272 is happening
expect turn around +/- 5% of 40688 (if confirmed in the next two bars ~6 days bull sentiment continues Aug/Sept target of +/ 5 % 95.6 or 120 k
In the interim expect another corrective move in 68.6 75, 82 and 89 k range, look to take gains off the table. Rationale: if we do hit 95.6 or 120k later you will have option to buy back, if you don't you can stake in DeFi and buy in another 2.5 years at 30k
2.5-5 % is intrinsic to fibonacci analysis where the turning points are not always precise due to interference of overlapping fibonacci series, and the underlying volatility of a global currency measured in so many different fiats.
.236 (441.70)
.382 (573.08)
.500 (679.22)
.618 (785.36)
.786 (936.47)
1.00 (1128.96)
1.272(1373.62)
1.618(1684.84)
2.000(2028.38)
3.000(2927)
3.618(3483.80)
4.764(4514.60)
Major corrections happened with retracing from
.5 to .236 (679.22 to 441.70)
1 to .618, (936.47 to 785.36)
3 to 1.618. (2927.86 to ~1850 instead of1684 ***)
4.76 to 3 (4514 to 2927.86)
Then extended to 4.76 of the new fib series formed with 0 point superimposed to the prior 1 (1128.96) and the 1 points superimposed on the prior 4.764 (slightly above 4514.60)
Similar level projections should correspond to less $ value % losses which on a human experience level we can refer to as institutional adoption.
Doing the same exercise for the bear cycle beginning (1) Dec 17 (1) Feb 19 (of 14 mo) gives us key reversal points for the bull run that follows
.236 (7.1k)
.382 (9.6k)
.500 (11.5k)
.618 (13.4k)
.786 (16.2k)
1.00 (19.7k)
1.272(24.2k)
1.618(29.9k)
2.000(36.2k)
3.000(52.7k)
3.618(62.8k)
4.764(81.7k)
Thus far we have seen projections and bounces
.612 to .382
.5 to .236
.5 to .382
vibration around 1, 1.272, 1.618
2.272 to 1.618
Now 3.618 to 2.272 is happening
expect turn around +/- 5% of 40688 (if confirmed in the next two bars ~6 days bull sentiment continues Aug/Sept target of +/ 5 % 95.6 or 120 k
In the interim expect another corrective move in 68.6 75, 82 and 89 k range, look to take gains off the table. Rationale: if we do hit 95.6 or 120k later you will have option to buy back, if you don't you can stake in DeFi and buy in another 2.5 years at 30k
2.5-5 % is intrinsic to fibonacci analysis where the turning points are not always precise due to interference of overlapping fibonacci series, and the underlying volatility of a global currency measured in so many different fiats.
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