Presuming the 4.236 extension is the best we're going to get in this BTC parabolic run (bitfinex prices) and we get a repeat of BTC's historical "first move" pull backs in each bull market (around 40% on average), short term we can look for a pullback to around the 1.618 extension (which has acted as resistance and support previously). If this does indeed play out, this is where I'd plan to re-accumulate bitcoin and go long for the long term for the potentially massive bull run ahead. Good luck everyone.
A close above the 4.236 would invalidate my theory and we could go beyond 11k before seeing a pull back.
A close above the 4.236 would invalidate my theory and we could go beyond 11k before seeing a pull back.
تعليق:
Additional confluence:
