An in-depth TA price prediction of BTC over the next 24 months
Examining the 1 month BTC chart, it appears BTC is beginning to form a classic bullish AB=CD pattern. Using fractals, we see that the AB leg peaks at the upper long-term trend of previous BTC bull runs. Following the laws of AB=CD patterns, the ideal retracement of the BC leg will be 61.8% - 77.8% of the AB leg. Looking again at the price chart, we see the latest "crash" of BTC comes to an abrupt stop at precisely the 61.8% Golden Ratio of the previous 2 fractal points. The low of June '21 candle coming in only *Eleven* USD below this crucial Fibonacci retracement level. Coincidence? I think not.
Now, to predict the next future price movement, we must attempt to complete the AB=CD pattern. To accomplish this, we again must review the laws and not be caught up in outside "noise" attempting to distract you from the truth that is right in front of your eyes. We must follow the strict mathematical calculations that have been seen over and over again throughout the course of natural history. According to the law of AB=CD patterns, the CD leg should be of equal length and trajectory of the AB leg. Additionally, the target point of D should ideally be between the 1.272% - 1.618% Fibonacci extension of BC. Using the Bullish trendline as our guide, and considering the angle and length of AB (16 bars, months), we bring ourselves to Oct' 2022 at a price target of $80,800-87,200
If you agree with this prediction or you have any thoughts or concerns, please feel free to comment below.
***This is not financial advise, please be well-informed and complete your own due diligence***
Now, to predict the next future price movement, we must attempt to complete the AB=CD pattern. To accomplish this, we again must review the laws and not be caught up in outside "noise" attempting to distract you from the truth that is right in front of your eyes. We must follow the strict mathematical calculations that have been seen over and over again throughout the course of natural history. According to the law of AB=CD patterns, the CD leg should be of equal length and trajectory of the AB leg. Additionally, the target point of D should ideally be between the 1.272% - 1.618% Fibonacci extension of BC. Using the Bullish trendline as our guide, and considering the angle and length of AB (16 bars, months), we bring ourselves to Oct' 2022 at a price target of $80,800-87,200
If you agree with this prediction or you have any thoughts or concerns, please feel free to comment below.
***This is not financial advise, please be well-informed and complete your own due diligence***
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.