One of the strongest moving possibilities of Bitcoin

By MR-V2020

Updated

This is not investment advice.
It only shows the strongest possible movement of Bitcoin for the higher time frame

Note

If the price starts a quick pump from this moment, the target will be $82,612 (this means the minimum price for an upward trend above $82,000)

Note

1/13-0/886 rule

Trade closed: target reached

The target was touched
According to the law of motion (0.886-1.13), the initial target was touched. But this is just the beginning of the story.

Note

Let me restate one of the 16 rules of Bitcoin movement
Law 0/886-1/13
When Bitcoin reaches the level of 1/13, it should return at least to the level of 0.5-0.618 (in Fibonacci retracement of the retracement wave). If the wave corrects further and reaches the level of 0.886, then the trend is reversed and a new trend begins. Otherwise, the trend will continue
Note that this rule is violated only when it intersects with the rule (0.886-0.886), in which case the rule (0.886-0.886) takes precedence.

Note

The analytical model of time and price equilibrium includes 3 parts:
1- Drawing Fibonacci diagonal resistances
2- draw Fibonacci retracement (expansion) of the last main moving wave
3- 16 laws of Bitcoin movements

Note

Possible targets of Ethereum

Note

Targets 1 and 2 were exactly touched. Crossing the level of 0.886 brings us to target 3

MR-V2020

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