Fib circles and retracements are one of the best tools/guides to where the market may head.
You can clearly see that previous action truly respects these lines.
On this chart we see that Bitcoin has failed to pass through the top white line which is a larger fib circle on a number of occasions.
Once it breaks the orange circle that has been supporting it the next step would be the following orange line further down.
I believe we are going a lot further down...probably about 30% up from our previous major low at $3067 so around $4200.
If you're holding BTC or trading long... GET OUT NOW!
This is my first publication... hope you like it and even more importantly take action accordingly.
Any comments and interactions with this my first post would be much appreciated.
You can clearly see that previous action truly respects these lines.
On this chart we see that Bitcoin has failed to pass through the top white line which is a larger fib circle on a number of occasions.
Once it breaks the orange circle that has been supporting it the next step would be the following orange line further down.
I believe we are going a lot further down...probably about 30% up from our previous major low at $3067 so around $4200.
If you're holding BTC or trading long... GET OUT NOW!
This is my first publication... hope you like it and even more importantly take action accordingly.
Any comments and interactions with this my first post would be much appreciated.
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Dump incoming!
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Next decent bounce once we drop will be at $9215
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Possibly even lower to the red ring.
Hold on to your hats....but not your Bitcoin!
Hold on to your hats....but not your Bitcoin!
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Hope you guys that viewed my chart got out. We wont see the price of Bitcoin this high again for many months.
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Got the bounce a little further down than I expected but the fibs were once again a great guide to pivot points.
Ready for dump 2.0?
Get out NOW if youre not out already!
Ready for dump 2.0?
Get out NOW if youre not out already!
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As you can see it bounced back up to the white line larger fib circle nearly to the dollar.
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I expect dump 2.0 will this time go down to the blue line with a bounce then back up the the orange circle above it before heading back down... more and more severe decents lie ahead the further along we go.
GET OUT NOW or short
GET OUT NOW or short
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Wider view
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It will not break and hold above the most prominent white fib circle line thats proving to be extremely strong resistence.
The green lines are a channel that BTC has been playing in for some time. Once we break below the bottom green line its MAJOR DUMP time.
We're a little ways away from that yet but like i said above... things will speed up as we go.
The green lines are a channel that BTC has been playing in for some time. Once we break below the bottom green line its MAJOR DUMP time.
We're a little ways away from that yet but like i said above... things will speed up as we go.
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Have a look on the following chart guys just how good a guide to pivot points these fib circles are.
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I expect a decent dump here then a bounce possibly off 8900ish
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Well, she went up a fair bit further than I was expecting in a surprise move.
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If it breaks above the orange fib circle I may have to seriously look at my bullish bias but at this stage I still think we're going down down down.
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*...bearish bias i should have said.
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I really think we've topped out here guys.
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Added some more micro rings and removed some older rings no longer in play in the above image.