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I am waiting to see BTC FALLS to $50K
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.
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