Maybe, I am a pessimist. I always see BTC is FALLING :D
I my last idea about BTC, when it is Rising from $62K, I see BTC backs to Fibonacci 0.5 at to $53,300? Even lower?
Now, when BTC touches Fibo level 1 ($57,775) and rising a little again in 2 days, I still think it will break this level and FALL to Fibo level 1.618 ($50,837).
Why?
- When BTC touches Fibo level 1, it also touch the MEAN Reversion band => Revert strength is hight. So it stops falling and rise a little as we can see 2 days ago.
- When BTC stops falling and moves back a little, revert bands are wider and MEAN revert strength is much lower now.
- This Fibo level 1 is not really strong, the recent ZigZag move is short and I still consider the move in my last idea as the main ZigZag move and the Fibo in that idea is much stronger. As you can see, $50K is Fibo 0.618 in that calculation. It is also Fibo 1.618 in this calculation. They are both very strong Fibo levels.
- The Volume Oscillator is still hight as you can see in the bottom => It still supports the main trend now is FALLING.
==> I believe BTC will FALLING to $50K in about 1 week.
I my last idea about BTC, when it is Rising from $62K, I see BTC backs to Fibonacci 0.5 at to $53,300? Even lower?
Now, when BTC touches Fibo level 1 ($57,775) and rising a little again in 2 days, I still think it will break this level and FALL to Fibo level 1.618 ($50,837).
Why?
- When BTC touches Fibo level 1, it also touch the MEAN Reversion band => Revert strength is hight. So it stops falling and rise a little as we can see 2 days ago.
- When BTC stops falling and moves back a little, revert bands are wider and MEAN revert strength is much lower now.
- This Fibo level 1 is not really strong, the recent ZigZag move is short and I still consider the move in my last idea as the main ZigZag move and the Fibo in that idea is much stronger. As you can see, $50K is Fibo 0.618 in that calculation. It is also Fibo 1.618 in this calculation. They are both very strong Fibo levels.
- The Volume Oscillator is still hight as you can see in the bottom => It still supports the main trend now is FALLING.
==> I believe BTC will FALLING to $50K in about 1 week.
