Old Bitcoin Idea revisited and with interesting result
This is an old Bitcoin Projection that I stopped using in August '22 because it appeared "Broken" but looking at it again a now, it seems still valid.
The 618 Fib Circles had intersected with the ghosted PA on 3 occasions perfectly as shown by the 3 Large Arrows.
But then it appeared to break away following the Crypto Winter Companies collapses.
BUT look at the PA again now...After the 3.618 Fib circle, the PA is still mirroring each other. Arrowed Peaks, Drops to Lows on the 4.618 and then near identical 50+% rise.
And, YES, we are expecting a pull back now.
BUT, this chart does NOT play into the hands of a 2 month DXY push back up now. This Chart shows Bitcoin pushing back up by end of Feb
This is just an idea but I find it interesting how it has played out
What do you think ?
I welcome your Views on this - I am undecided...I have other, slightly different projections which I prefer, maybe because the gains are higher!
The 618 Fib Circles had intersected with the ghosted PA on 3 occasions perfectly as shown by the 3 Large Arrows.
But then it appeared to break away following the Crypto Winter Companies collapses.
BUT look at the PA again now...After the 3.618 Fib circle, the PA is still mirroring each other. Arrowed Peaks, Drops to Lows on the 4.618 and then near identical 50+% rise.
And, YES, we are expecting a pull back now.
BUT, this chart does NOT play into the hands of a 2 month DXY push back up now. This Chart shows Bitcoin pushing back up by end of Feb
This is just an idea but I find it interesting how it has played out
What do you think ?
I welcome your Views on this - I am undecided...I have other, slightly different projections which I prefer, maybe because the gains are higher!
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