It seems outrageous, but the FIBS don't lie ! :-)
I have been working the fibs on both a micro and macro level, and it seems to me we are about to launch the 5th sub wave of the third bigger wave that began with an impulse 1 wave from the 3K low of December 2019.
If the fibs play out as they have done so far wave 5 will get to 56.9K - that might be it, but I doubt it!
I think it is more likely that it then does its famous BLOW OFF TOP, first to 71.6K. (which works out at the +6.854 extension of the retracement from the summer highs - shout out to @Jacob Canfield for the Canfield fib extensions), Then to 84.5K to complete a 1.618 extension from the 9.7 K bounce that kicked off this cycle.
I am margin trading with a measly 0.003BTC and its working out fine (it started off a week ago at 0.001 BTC) and my methodology hasn't let me down so far (famous last words!).
So if this info makes you some much-loved BTC, a few SATs would be more than welcome!!
Thank you kindly:
Address to send any BTC: bc1qduq8xl5qsj8qzz2kpp2jvkmhrlthegaqgxuwc3
I am watching the charts at all levels to find my buy in levels and stop losses - macro down to micro - I have to because I can't suffer any more than a 6% loss at any time... so only use those levels as a slightly longer-term guide, but you will probably need to be watching closely and ready to respond to market structure rather than FOMOing in at the wrong moment ... (learnt the hard way to have the discipline to do that)
Good luck !
I have been working the fibs on both a micro and macro level, and it seems to me we are about to launch the 5th sub wave of the third bigger wave that began with an impulse 1 wave from the 3K low of December 2019.
If the fibs play out as they have done so far wave 5 will get to 56.9K - that might be it, but I doubt it!
I think it is more likely that it then does its famous BLOW OFF TOP, first to 71.6K. (which works out at the +6.854 extension of the retracement from the summer highs - shout out to @Jacob Canfield for the Canfield fib extensions), Then to 84.5K to complete a 1.618 extension from the 9.7 K bounce that kicked off this cycle.
I am margin trading with a measly 0.003BTC and its working out fine (it started off a week ago at 0.001 BTC) and my methodology hasn't let me down so far (famous last words!).
So if this info makes you some much-loved BTC, a few SATs would be more than welcome!!
Thank you kindly:
Address to send any BTC: bc1qduq8xl5qsj8qzz2kpp2jvkmhrlthegaqgxuwc3
I am watching the charts at all levels to find my buy in levels and stop losses - macro down to micro - I have to because I can't suffer any more than a 6% loss at any time... so only use those levels as a slightly longer-term guide, but you will probably need to be watching closely and ready to respond to market structure rather than FOMOing in at the wrong moment ... (learnt the hard way to have the discipline to do that)
Good luck !