During BTC's short life there were only 2 instances when it had 13 back-to-back green candles on 3D TF. Both were in 2013 run.
If we get green close today then it will be the 3rd time BTC printed this massive parabolic move pattern.
Both those past moves resulted in big correction before major bull runs.
After doing some simple Fib plotting we see that,
First correction came down till 0.75 and 0.85 Fibs,
whereas second correction came down till 0.886 and 0.942 Fib,
Based on these observation, here are some levels I will be watching to build a spot position in the hopes of a next bull run,
Support 1: 13900-13600
Support 2: 12700-12400
Support 3: 11800-11500
These levels are also very interesting because as we see the 3D Trend maker ribbon is coming exactly in this area.
If you want to see how I perfectly predicted 19K BTC by Dec 2020 (one year in advance) then do have a look at this post.
Happy and safe trading...
Chao...
If we get green close today then it will be the 3rd time BTC printed this massive parabolic move pattern.
Both those past moves resulted in big correction before major bull runs.
After doing some simple Fib plotting we see that,
First correction came down till 0.75 and 0.85 Fibs,
whereas second correction came down till 0.886 and 0.942 Fib,
Based on these observation, here are some levels I will be watching to build a spot position in the hopes of a next bull run,
Support 1: 13900-13600
Support 2: 12700-12400
Support 3: 11800-11500
These levels are also very interesting because as we see the 3D Trend maker ribbon is coming exactly in this area.
If you want to see how I perfectly predicted 19K BTC by Dec 2020 (one year in advance) then do have a look at this post.
Happy and safe trading...
Chao...
