Btc Projection
When we want to see the big picture, we see a large harmonic pattern covering the bull and bear .
Although the current price levels seem to have found support at 19K levels, I predict that this decline will continue until 12K. The reason for this prediction is the internal fractal patterns. If we want to explain this on the graph;
I think that the harmonic pattern, which I consider to be a shark pattern in the measurements above, has been completed and has started to form a new harmonic pattern. When we follow the existing candlestick from the CD leg of this completed harmonic pattern, we can observe that half of a new harmonic pattern emerges.
It can be misleading to predict which patterns this harmonic pattern will overlap right now. However, I can say that the new pattern will climb to at least 1.27 fibonacci levels.
Since I said it as a prediction, I think it would be more accurate to say that it will exhibit price movements in the range of 1.27 and 1.618 instead of saying that it will be 1.27.
If our prediction turns out to be correct and a harmonic pattern is formed at our expectation levels, we can add to this prediction that the retreats of this harmonic pattern will be in the range of 11-14K.
If we narrow the frame a little more and zoom in on the price movements, it seems that the current price movements draw a triangular chart.
Upward jumps of the candle needles can also be clues that the triangle will break upwards. Of course, since this equilateral is a triangle, it may not be a safe sentence to say up or down about the direction until the candlesticks extend beyond the triangle.
But my prediction is that there will be an upward break depending on the harmonic pattern I just predicted.
When we go back to the big picture, we can see that the fractals we are talking about are more than one. It also appears that the harmonic pattern we just mentioned was in a larger fractal before it.
If we take a measurement by accepting the resistance zones of these harmonic patterns as average levels of 1.618 fibonacci, we also see that these harmonic patterns correspond to the previous supply regions.
But there is something else that will disrupt our plan. The 0.786 -0.886 C leg of the prices, which I think will be on the rise right now, can go down a little further to 1.13 fibonacci levels, forming a shark pattern.
In such a case, prices may fall to 16400 and return from there. It is also necessary to be careful against this situation.
NOTE:This is not investment advice.
Although the current price levels seem to have found support at 19K levels, I predict that this decline will continue until 12K. The reason for this prediction is the internal fractal patterns. If we want to explain this on the graph;
I think that the harmonic pattern, which I consider to be a shark pattern in the measurements above, has been completed and has started to form a new harmonic pattern. When we follow the existing candlestick from the CD leg of this completed harmonic pattern, we can observe that half of a new harmonic pattern emerges.
It can be misleading to predict which patterns this harmonic pattern will overlap right now. However, I can say that the new pattern will climb to at least 1.27 fibonacci levels.
Since I said it as a prediction, I think it would be more accurate to say that it will exhibit price movements in the range of 1.27 and 1.618 instead of saying that it will be 1.27.
If our prediction turns out to be correct and a harmonic pattern is formed at our expectation levels, we can add to this prediction that the retreats of this harmonic pattern will be in the range of 11-14K.
If we narrow the frame a little more and zoom in on the price movements, it seems that the current price movements draw a triangular chart.
Upward jumps of the candle needles can also be clues that the triangle will break upwards. Of course, since this equilateral is a triangle, it may not be a safe sentence to say up or down about the direction until the candlesticks extend beyond the triangle.
But my prediction is that there will be an upward break depending on the harmonic pattern I just predicted.
When we go back to the big picture, we can see that the fractals we are talking about are more than one. It also appears that the harmonic pattern we just mentioned was in a larger fractal before it.
If we take a measurement by accepting the resistance zones of these harmonic patterns as average levels of 1.618 fibonacci, we also see that these harmonic patterns correspond to the previous supply regions.
But there is something else that will disrupt our plan. The 0.786 -0.886 C leg of the prices, which I think will be on the rise right now, can go down a little further to 1.13 fibonacci levels, forming a shark pattern.
In such a case, prices may fall to 16400 and return from there. It is also necessary to be careful against this situation.
NOTE:This is not investment advice.
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