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sayedhfatimi

$BTC in Wave 5,top of channel target ~$364k

Bitcoin Liquid Index (BNC:BLX)  
sayedhfatimi Updated   
BNC:BLX   Bitcoin Liquid Index
Fibonacci Chart Patterns Elliott Wave
7
0
fibonacci chartpattern elliottwaves
  • The upward channel has been established
  • $BTC currently beginning wave 5
  • wave 4 support for subsequent bear market has been established
  • $BTC has NOT seen a bear market yet
Comment:
Inline with my above analysis, BTC appears to obey this fib fractal of meeting/overshooting the 18.618 fib level, the same analysis will set the price target of the wave 5 rally to ~$311k

snapshot
Comment:
drop below 7k highly improbable assuming market structure is not to break
snapshot

Related Ideas

sayedhfatimi
stark similarities of a previous bottoming pattern
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$BTC trading range tightening, volatile break before end of week
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drop below 7k highly improbable
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Have you ever seen a more bullish chart?
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Decision time for Bitcoin coming up?
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