Crypto Analysis | BTC 36k and 17k-25k long

Good day Hiveians!

Join me in analyzing the crypto markets!

 

I hope you are not surprised by the current BTC correction!

We have been talking about it for months and anticipated this exact price movement. | See here as well

Do not be fooled: BTC moves in short and strong impulse waves and takes (generally) a lot longer to correct. This is especially evident for the current time frame as we have nowhere nearly reached the downward target for BTC.

But to test our theory further, I will predict first a price increase to about 36k in the next days to a week, before price will be going a lot lower. This chart should make my point:

As you can see, the ovals all point to the fractal which we are now repeating (in a different form). The general target area is the orange trend line. With time it gradually increases and it will depend on how this fractal plays out to see where price will reach its turn around point. The current estimate is somewhere between 17k and 25k (as seen in the blue horizontal lines).

Before that, however, price should increase to about 36k, in line with previous fractals:

This presents, therefore, a good opportunity to further test the theory of fractal analysis. So far it has worked really well (anticipating the 40k top and the current correction). I have a high degree of confidence for this scenario to play out. I am unsure, however, what the low point of this correction will be and this will depend on a number of variables that will become more evident as time goes on.

 

---

As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Check out the Love The Clouds Community if you share the love for clouds!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Posted Using LeoFinance ^Beta