Hello traders and fellow crypto space, I wanted to share this obvious target of where we are going to next. First things first, we have major resistance at 75k. We will see how the price reacts there if we get a time based correction, price based correction, or both. If the cycles extends past 2021, I can expect a top to be around 363k. It is still way too early to tell. Weekly ADX needs to start curving up to showcase to us that we are establishing some type of long term bullish trend to continue this cycle.
First Fib is from 2013 high to 2015 bottom.
Second Fib is from 2017 high to 2018 bottom.
We are currently hovering above the 1.618 holding it as support.
Check out some of my other ideas! :D
Leave a comment, a like, and a follow for future updates!
Happy Trading! :D
If you have any questions, leave them below.
First Fib is from 2013 high to 2015 bottom.
Second Fib is from 2017 high to 2018 bottom.
We are currently hovering above the 1.618 holding it as support.
Check out some of my other ideas! :D
Leave a comment, a like, and a follow for future updates!
Happy Trading! :D
If you have any questions, leave them below.