بتكوينتم تحديثه BTC Abaut to finish its correction.
1-FIRST: For BTC İf we regard September-October2023 and From 28500 Dolar beginning To March 2024 Peak 73500 Dolar Level, we increased 45000 Dolar. normally %50 fibonacci retracement level works and its normal to decline 22500 Dolar from 73500 peak, that is 51000 Dolar. But in an uptrend usually Fibo 0.382 I mean % 38.2 retracement rule works. On the contrary in a down trend Fibo 0.618, % 61.8 retracement rule works.
2-SECOND: From in an uptrend usually Fibo 0.382, % 38.2 retracement rule, if we apply it to a 45000 Dolar increase, we get 17190 Dolar retracement. from 73500 peak we get 56310 Dolar. BTC saw 56500 Dolar in 01 May. Both number are matcing.
3-THIRD: But İf we go more back to 10 November 2022 and 15677 Dolar deep level for BTC. (take it 16000 ), till 73500 peak again we increased 57500 Dolar.And according to %38.2 Fibo retracement level we must decline 29965 Dolar from the 73500 Peak.When we apply the rule , we get 51500 Dolar again.
RESULT İn short saying, BTC will be finishing its retracement between 51500-56500 Dolar levels in very future.
4-FOURTH: İn addition. From 16000 Dolar level that has been seen in 10 Th November 2022, if we apply %50 Fibo retracement Level from 73500 Peak for 57500 dolar increase, we get 44800 Dolar which is very critical level. We have seen many times as support or resistance in the last uptrend. My opinion is BTC will not be under 44800 dolar for a long time because of being %50 Fibo retracement level..
5-FIFTH: In worse scenario, according to %61.8 Fibo retracement rulei , from 16000 Dolar to 73500 dolar peak we drop to 38000 Dolar level. Again I say to see is in worse scenario and we havent smell a bad thing till now.
2-SECOND: From in an uptrend usually Fibo 0.382, % 38.2 retracement rule, if we apply it to a 45000 Dolar increase, we get 17190 Dolar retracement. from 73500 peak we get 56310 Dolar. BTC saw 56500 Dolar in 01 May. Both number are matcing.
3-THIRD: But İf we go more back to 10 November 2022 and 15677 Dolar deep level for BTC. (take it 16000 ), till 73500 peak again we increased 57500 Dolar.And according to %38.2 Fibo retracement level we must decline 29965 Dolar from the 73500 Peak.When we apply the rule , we get 51500 Dolar again.
RESULT İn short saying, BTC will be finishing its retracement between 51500-56500 Dolar levels in very future.
4-FOURTH: İn addition. From 16000 Dolar level that has been seen in 10 Th November 2022, if we apply %50 Fibo retracement Level from 73500 Peak for 57500 dolar increase, we get 44800 Dolar which is very critical level. We have seen many times as support or resistance in the last uptrend. My opinion is BTC will not be under 44800 dolar for a long time because of being %50 Fibo retracement level..
5-FIFTH: In worse scenario, according to %61.8 Fibo retracement rulei , from 16000 Dolar to 73500 dolar peak we drop to 38000 Dolar level. Again I say to see is in worse scenario and we havent smell a bad thing till now.
تم فتح الصفقة
Tries to rescue Fibo 0.382, retracement deep We increased, 64577 Dollar retracement. I expect a decrease to 61765 Dollar. After that either a litle down to 53500 Dollars or up to previous peak 73500 Dollars.تم فتح الصفقة
BTC decreased to 62011 Dollar level which was just 250 Dollar above my 61765 prediction and seems to rebound up from here . I hope retracement has finished . It will be obvious whithin 5 days more downside to 53500 or upside. We will seeتم فتح الصفقة
61790 was seen
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