Today I have decided to start a new post cycle about bitcoin, following a bit what I did in the previous bullish cycle of bitcoin and ethereum
Why only up to 63,000, because it would be a medium-term objective, I explain it below, what could be achieved before the bitcoin halving, what do you think?
Let us begin
If Bitcoin breaks the downward channel, it could be confirming that the medium-term correction could be complete.
Dominance
Bitcoin is breaking a major resistance in dominance
It is breaking upwards of 50%, a figure that is also important on a psychological level.
Bitcoin would be taking strength from the Alcoins to continue its upward movement in the long term
Fibonacci to the 63000
As I mentioned above, the break of the channel could indicate that the medium-term correction could be complete.
If we measure by fibonacci, the entire bullish cycle, it only corrected 38%, which would indicate either that there is a lack of correction or that bitcoin's momentum would be very bullish in the long term. What do you think?
If we apply elliot waves we could complete the first 5 waves of wave 1, of the great upward momentum, as well as its correction. (waves 2)
If we measure, wave 3 would be giving, at 2.63 fibonacci extensions, for the target of 63,000 dollars,
Analyzing a time line, we could reach the goal, by the end of 2023, then starting a new correction, until the possible May halving date, what do you think?
Leave your comment, thank you !!!
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Bitcoin Dominancia y Fibonacci, from 15000 to the 63000.
Hoy he decidido comenzar un nuevo ciclo de post sobre bitcoin, siguiendo un poco lo que hecho en el ciclo alcista anterior de bitcoin y ethereum
Porque solo hasta los 63000, porque seria un objetivo de mediano plazo, mas abajo lo explico, que podria conseguirse antes del halving de bitcoin, que piensas?
Empecemos
Bitcoin si rompe canal a la baja podria estar confirmando que la correccion de mediano plazo podria estar completa.
Dominancia
Bitcoin esta rompiendo una resistencia importante en la dominancia
Esta rompiendo al alza el 50%, cifra tambien importante a nivel psicologica.
Bitcoin estaria tomando fuerza de las Alcoins para continuar con su movimiento alcista a largo plazo
Fibonacci to the 63000
Como comentaba mas arriba el rompimiento del canal podria indicarcon que la correccion a mediano plazo podria esta completa.
Si medimos por fibonacci, todo el ciclo alcista, solo corriguio un 38%, lo cual indicaria o que falta correccion o que el impulso de bitcoin seria muy alcista a largo plazo. Que piensas?
Si aplicamos ondas de elliot podriamos estar completas las primeras 5 ondas de la onda 1, del gran impulso al alza, como asi su correccion. (ondas 2)
Si medimos, la onda 3 estaria dando, en el 2,63 de extensiones de fibonacci, por el objetivo de los 63000 dolares.
Analizando una linea temporal, podriamos llegar al objetivo, para finales del 2023, comenzando luego una nueva correccion, hasta mayo fecha posible del halving, que piensas?