1st part
One of my old post suggested that if this would be a perfect system , $btc would follow parabolic moves ... and it followed , have a look at my old post to understand more
Now , for BTC to re-enter parabola itself must get into 14.000 every time the get away from this parabolic move and move in sidelines eventually big move will be bigger in acordance to distance of parabola and the price.... And that can be another new world created from Bitcoin that we must have a look at.
Now , regarding fibonacci resistance , we can have at 50% with price of 12k ... but i have again a good feeling that the spike will be in 14k on weekly chart and with closing price weekly under 12k :D ( Suppose it will break to 14k ).
2nd part
Correction will occur even if it will be like a flashdrop on 3min candlestick all way down to 7k or something like that , just be carefull to have BUY ORDERS ready for flashdrops :D
One of my old post suggested that if this would be a perfect system , $btc would follow parabolic moves ... and it followed , have a look at my old post to understand more
Now , regarding fibonacci resistance , we can have at 50% with price of 12k ... but i have again a good feeling that the spike will be in 14k on weekly chart and with closing price weekly under 12k :D ( Suppose it will break to 14k ).
2nd part
Correction will occur even if it will be like a flashdrop on 3min candlestick all way down to 7k or something like that , just be carefull to have BUY ORDERS ready for flashdrops :D