BTC TARGET @ 80000 BY March 4 AND 150K BY END OF APRIL - HOW?
I made a harmonious study of the previous leg up and studied price in relation to the Kumo Clouds upper band.
I noticed a nice pattern, were Price hit the top of the leg up when the Kumo Cloud ended a flat period and
started to rise and then broke above the previous high, after a correction phase, when the Kumo Cloud started
to flatten again.
I then studied the time intervals of these moves and projected it into the future.
In the first wave during Dec 12 and Jan 8, price reached it extreme high at 57% above the Kumo Cloud
(and 27% from the Kijun Sen (white equilibrium line).
If Price peaks at the same distance from the Kumo Cloud with the same time interval, we will see a peak
by Mar 4 at 80K whereafter price will correct and come close to the Kumo Cloud, approximately around
60K. Then it will start a new leg up (theoretically and probably, but other scenarios are of course possible.)
A third leg up, with identical parametres would take price to 150K at the end of April.
This is a harmonious study. Price likes to move in harmonic waves when it is trending as it is now. Also note
how price neatly will hit the Yearly Pivots in this analysis.
What one might forget when looking at the higher targets is that percentage wise the moves are not larger than
previous, but in absolute values they do look bigger on a regular chart like this.
It will be interesting to see if price can hit 80K within 13 days. At that level I will collect gains and reload
after a correction phase.
I noticed a nice pattern, were Price hit the top of the leg up when the Kumo Cloud ended a flat period and
started to rise and then broke above the previous high, after a correction phase, when the Kumo Cloud started
to flatten again.
I then studied the time intervals of these moves and projected it into the future.
In the first wave during Dec 12 and Jan 8, price reached it extreme high at 57% above the Kumo Cloud
(and 27% from the Kijun Sen (white equilibrium line).
If Price peaks at the same distance from the Kumo Cloud with the same time interval, we will see a peak
by Mar 4 at 80K whereafter price will correct and come close to the Kumo Cloud, approximately around
60K. Then it will start a new leg up (theoretically and probably, but other scenarios are of course possible.)
A third leg up, with identical parametres would take price to 150K at the end of April.
This is a harmonious study. Price likes to move in harmonic waves when it is trending as it is now. Also note
how price neatly will hit the Yearly Pivots in this analysis.
What one might forget when looking at the higher targets is that percentage wise the moves are not larger than
previous, but in absolute values they do look bigger on a regular chart like this.
It will be interesting to see if price can hit 80K within 13 days. At that level I will collect gains and reload
after a correction phase.
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