(A) - Last time located around the 61.8-line, applying this again would land us around 22k
(B) - Will be just below the 1.618 level which coincides perfectly with a resistance line located just under 40k.
(C) - Finishing the corrective wave would place us at the .382 level, taking us all the way back at 16-17k.
There's a lot of buzz and confidence in this token, so this might play out completely different, but this is what I came up with. Let me know what you think!
Either a big correction taking us back maybe as far as 30k at the .236 line.
Or a smaller one, which would keep us above 50k from where we move into the next set of impulse waves.
I based the Fib-levels on the first wave of the first sequence. The second and third wave then follow exactly the 1.618 and 2.618 levels as you can see.
So I mimicked that in the second sequence, applying the Fib-tool on the first wave again, the third wave now passes beyond the 2.618 level but that's just FOMO.
So in my mind it still followed pretty much the same pattern, which is why I used the levels of the previous correction to come up with the A-, B- and C-targets.
Great stuff man, thanks for the feedback, really appreciate it. You don't think it will blast through 78k though?
As for the 250, how far along do you reckon it'll be end of year?
Breaking thru low 70ks are gonna be a tough sell, but lets see..we have a lot of hodlers cold storing this coin, myself included. The fundamentals are good with lightning in the works and segwit rolled out. Fiat wise, this is easily worth $7-10, and the masses can take it much higher.