Post
Topic
Board Speculation
Re: Analysis
by
Todorius
on 17/08/2017, 15:55:48 UTC
can someone translate the russian and post here ,so all we can get to know the news soon.

"Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000"

Fibonacci analysis of the previous all time high shows significant resistance at $7079.


I would compare this rally more to the one from April 2013. And this one significantly overshooted the 6.854 fib level compared to the previous rally (which went from 5 to 15$ in 2012).
According to masterluc, the rally after this one, which presumably tops at 40-110k, would then correspond to the November 2013 rally. Then afterwards the bearmarket if I am not mistaken.