BTC Rejected of Macro .618, Now What?

21 Jan

So if we look at last cycles on Bitcoin and apply Fibonacci from bull cycle to bear market bottom, we have bear rallies to 0.618-0.66 area and then we reject and dump hard until halving and real bull cycle starts. We have seen the same, I had this plan since November. In my opinion most likely scenario now is slow bleed to the downside (not saying we won't have small bounces). February-March we go down and we have a huge buy opportunity for BTC and alts around 34-28k area. I'll start buying at 34 and will add to 28. I don't think we will close any daily candle below 28k.
This is just my opinion, for more you can visit: cryptoaliens.io/