I am presenting something that is really a more advanced study of Fibonacci analysis. Truth be told, I am actually not that of an expert but it is something that we can all explore on.
My very first idea on BTCUSD calls for it to fall to 0 but with a price target of around $6.2k. My second calls for a long with a target just above $10k. What I am doing now, is trying to tell you that the second idea to long BTCUSD has already reached it's target for a corrective move and we are now back to the continuation of the first idea that BTCUSD is gonna fall to $0 (or near worthless compared to current price anyway).
Note that we are now at the 2nd count for what I think is a new impulse wave down.
My very first idea on BTCUSD calls for it to fall to 0 but with a price target of around $6.2k. My second calls for a long with a target just above $10k. What I am doing now, is trying to tell you that the second idea to long BTCUSD has already reached it's target for a corrective move and we are now back to the continuation of the first idea that BTCUSD is gonna fall to $0 (or near worthless compared to current price anyway).
Note that we are now at the 2nd count for what I think is a new impulse wave down.
Comment:
I expect it will go down even more.
Comment:
Still going down.
