- We are moving in two perfect fib cannels currently.
- green ABC waves = perfect 1:1 extentions
- yellow ABC wave = 1:1 extention with the same target as the golden pocket
- golden pocket (0.618-0.65 fib retracement) same target as the long term horizontal support
- 7000$ would be a perfect retracement target
PS: Technically, we are still in a bear market. The last pump was only the retracement of the last big drop and only caused due to the Bitfinex/tether 400$ fake premium over a month.
The is still no real fiat flow into the crypto space. The average Joe has forgotten about Bitcoin . (and no Moneyflow into Alts)
- green ABC waves = perfect 1:1 extentions
- yellow ABC wave = 1:1 extention with the same target as the golden pocket
- golden pocket (0.618-0.65 fib retracement) same target as the long term horizontal support
- 7000$ would be a perfect retracement target
PS: Technically, we are still in a bear market. The last pump was only the retracement of the last big drop and only caused due to the Bitfinex/tether 400$ fake premium over a month.
The is still no real fiat flow into the crypto space. The average Joe has forgotten about Bitcoin . (and no Moneyflow into Alts)