in dec 2022 we predicted the bottom of
$BTC ‘s bear market by simple math calculation….
timing wise i was wrong by some months but target wise i was right….
now here’s a quarterly view for
#BTC in a simplest way….
now you can see in 2021 when
#BITCOIN was trading below its macro 1.618 fib (62084$) level…it was continuously rejected on the area (red arrows)…
you can see 2nd and 4th quarter candles of 2021… both of them rejected on that area on quarterly TF…
and when it breaks above the 1.618 fib level on quarterly TF….it never closed below that area on quarterly TF again…
you can see 2nd and 3rd quarterly candles gave 2 retest but not closed below that area… (a wick happend below 50k but reclaimed back above 62084$ (1.618 fib)…
and now its again sitting above 1.618 fib and its quarterly close for march here….
imo its just a bullish quarterly retest of 1.618 fib area before the macro reversal…
yeah like wicks lower possible on quarterly TF if
#ALTCOINS marketcap goes for 133B….
otherwise only up is destined….
minimum target remains 393k (2.618 fib) possibly wicks to 500k max….
lets see how it goes….