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Monday, August 24, 2020



Hi everyone,

Before trying to explain this analyse i need to advice that this one is for a medium/long term prediction.
Also remember that Cryptos are pretty fast sometimes so this chart could not reflect the exact time of the movements.

So wich indicators i used on Weekly Chart :
- 300 EMA in Red Color
- Fibo Retracement in White Color
- Fibo Extension in Light Blue Color

Monthly indicator :
- RVSI ( i will add a screenshoot following my analyse)

The 3 differents Realistic Scenarios :

1. Bearish

This scenario would be the worst one. BTC would be rejected around 14000$ ( July 2019 Highest + 61.8% Fibo Retracement + 100% Fibo Extension ).
BTC could back down around 6000$ Zone, where a support can be found on EMA300, also panic sell wick could lead us less than 5500$.
after that we could retrace from here and start to get a Parabolic Bullish Movement to 30 000$ ( Fibo 161.8% ) and 50 000$ ( Fibo 261.8% )
Orange Trend followed by Blue Trend on Chart.

2. Medium Bullish 20 000$ + Retracement

This is my favorite Scenario according to RVSI Monthly indicator. BTC would lead us to 20 000$ and then Backdown to retest 61.8% Zone then Bounce back,
start a Parabolic movement to go reach 30 000$ ( Fibo 161.8% ) and 50 000$ ( Fibo 261.8% ). Green Trend followed by Red downtrend and Blue Trend on Chart.

3. Pure Bullish Parabolic

This scenario is the most optimistic one, BTC won't care about retracements to 20 000$ and start directly his Parabolic Movement and reach 30 000$ ( Fibo 161.8% ) and 50 000$ ( Fibo 261.8% ) Directly. Green Trend on Chart.

i know that this analyse is not easy to be understood by everyone so if you have any questions please feel free to add comment.
invest wisely, be patient and be S4fe !

Happy Tr4Ding !

from Trading Ideas
via gqrds

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