You're looking at my Log scale analysis featuring a Linear scale opposing trend an industry 1st! If the Linear Golden Zone .618 - .65 at $50,264 (.65 for slippage) holds, then we're going back down to mid $20,000's before heading up to $136,200. (FOLLOW RED LINE) The .50 - .618 Extension at $37,725 - $36,239 needs to hold as a last stand to continue up but...
Btc Target is $47,000-$50,000 with micro algos. Current Status Retracement to $37,000 March 2024 Then retrace back up to $58,000 June 2024 Then final dump to $32,000 Revealing Expanding Triangle correction September - October 2024 This is where we load our bags 💼 ^^^^^^^ Final target of $136,000 plus added fomo by March-April 2025 Wave 1 Finally Complete for...
Self explanatory. Look at the bitcoin weekly RSI. We’re resetting hard.
As you can see below, our last top was a perfect .786 retracement from the previous low. If you understand algos you’ll understand why this is very bullish. Unfortunately algos need a .50-.618 retracement to reach new ATH’s. The weekly RSI is perfectly resetting. The Vegas wave exponential moving averages are nestled beside it & if you understand Allen Andrews...