The Long Road To Recovery Part 2: 2019 Road Map
This is not a turn by turn GPS, but a Roadmap of price action levels based on the Fib target zones.
These zones were outlined in May 2018 where I targeted the consolidation breakdown from $3.5K to $5k. (1.86 fib to 1.27).
Now that the target of that breakdown has been reached and we are consolidating at the 1.86, I have redrawn the fib extension to cover the 1.86 to 2.34 zone. These price targets are $3.3K and $600. From this zone price levels are generated and we can watch BTC Navigate these levels with 1.3K located at the .382 fib level. This is further validated by the fact that the 1.86 extension is directly targeting the breakdown price level of 6K.
I expect a consolidation pattern to form inside of this range and BTC to show accumulation opportunities through the year.
Ultimate low target is 1.3K at the .382 level.
These zones were outlined in May 2018 where I targeted the consolidation breakdown from $3.5K to $5k. (1.86 fib to 1.27).
Now that the target of that breakdown has been reached and we are consolidating at the 1.86, I have redrawn the fib extension to cover the 1.86 to 2.34 zone. These price targets are $3.3K and $600. From this zone price levels are generated and we can watch BTC Navigate these levels with 1.3K located at the .382 fib level. This is further validated by the fact that the 1.86 extension is directly targeting the breakdown price level of 6K.
I expect a consolidation pattern to form inside of this range and BTC to show accumulation opportunities through the year.
Ultimate low target is 1.3K at the .382 level.
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