hassou7
@t_hassou7
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hassou7
The current area around 28k for BTC is a strong halt before the next move. I still believe we are going towards 42k$ at least., in the meantime, we need to calm down and reaccumulate before the next move. Fib key 0.618 level taken between the previous cycle low and the next cycle high is a strong area. During the last cycle, we retest it upon the reclaim and we climbed immediately higher. The question is, will it hold this time?To followup with the bigger picture:
hassou7
From top to bottom, using log fib extensions:Cycle 2: 2.272 Fib is the top of 2013Cycle 3 : 2.272 Fib is the top of 2017Cycle 4: 1.618 Fib is the top of 2021. Institutions are in since 2017, diminishing returns.Cycle 5: Will 1.618 or 1.272 fib be the top of 2025? I bet on the 1.618 option.Max pain will occur before, certainly. But the destination is known, path isn't.
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