i played with this a couple of month ago when bitcoin was the same price it is today and made a small prediction on twitter.
after revisiting it im starting to ask if $tusd can see an impending dump before a top is reached.
by taking the first 1 and 2 wave in each move we can see that each tusd wave moves around 1.62 fib.
this has been fairly accurate so far and indicators such as macd and rsi back the moves up.
on chart:
purple is the bottom/top of each wave.
red is sell at 1.62 fib
green is buy at 1.62 fib
looking at today we can see the current sub wave is yet to reach 1.62 which is around the 0.00015sat area (and also the 21ema, 50ma and 100ma - popular bounce zones).
with this theory, when 00015 hits it is possible that bitcoin will start a heavier correction aka a dump. on the larger whole if btc does dump then 1.62 of the larger main wave hits a top around 0.00021 sats which is approximately $5k per bitcoin.
and for the lovers of numerology 1 btc divided bt 0.00015 sats equals? (tip; its bitcoins favourite number) ;-)
failing the up movement and tusd continues to correct from ATH, we could see 1.62 at 0.000081 satoshi meaning bitcoins next higher high could be $12k a key level in some analysts predictions :)
lets monitor this one....
after revisiting it im starting to ask if $tusd can see an impending dump before a top is reached.
by taking the first 1 and 2 wave in each move we can see that each tusd wave moves around 1.62 fib.
this has been fairly accurate so far and indicators such as macd and rsi back the moves up.
on chart:
purple is the bottom/top of each wave.
red is sell at 1.62 fib
green is buy at 1.62 fib
looking at today we can see the current sub wave is yet to reach 1.62 which is around the 0.00015sat area (and also the 21ema, 50ma and 100ma - popular bounce zones).
with this theory, when 00015 hits it is possible that bitcoin will start a heavier correction aka a dump. on the larger whole if btc does dump then 1.62 of the larger main wave hits a top around 0.00021 sats which is approximately $5k per bitcoin.
and for the lovers of numerology 1 btc divided bt 0.00015 sats equals? (tip; its bitcoins favourite number) ;-)
failing the up movement and tusd continues to correct from ATH, we could see 1.62 at 0.000081 satoshi meaning bitcoins next higher high could be $12k a key level in some analysts predictions :)
lets monitor this one....
