Above chart screwed up by update, fixed version:
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A way to predict not just time and price of the next bottom but also the target of the bounce to follow, you've asked for? Well there you have it!
I have been trading this phenomenon for a few months on smaller timeframes already and it turned out my orders in January weren't that poorly placed either. Waiting with bated breath on whether it's going to play out once again today!
On the right you can see the path BTC is going to take if it cannot break out of this matryoshka in June, riding down the channel on another and possibly even a third wave, eventually coming to a halt at the cross of channel's and history's strongest support, the $50-$60 zone.
First calculation: target of correction
Second calculation: next bottom
Phi = golden ratio conjugate (0.61803)
A way to predict not just time and price of the next bottom but also the target of the bounce to follow, you've asked for? Well there you have it!
I have been trading this phenomenon for a few months on smaller timeframes already and it turned out my orders in January weren't that poorly placed either. Waiting with bated breath on whether it's going to play out once again today!
On the right you can see the path BTC is going to take if it cannot break out of this matryoshka in June, riding down the channel on another and possibly even a third wave, eventually coming to a halt at the cross of channel's and history's strongest support, the $50-$60 zone.
First calculation: target of correction
Second calculation: next bottom
Phi = golden ratio conjugate (0.61803)
