Odalisque

Fib line congruence

COINBASE:BTCUSD   比特幣
When combining all these Fibs I would say 23k is a real possibility. When looking at the Fib retracement of the 2018 ATH, you see the 0.382 (3419.21) come into the picture. If after that we look at the March 2020 dump and we ignore the wick, we see the candle body closing exactly on the 0.25 bottom line of the Fib Speed Resistance Fan, which crosses perfectly with the 0.236 (6702.14) median of the entire 2 year trend from the 2018 ATH to the beginning of the bull cycle of 2020 (preceded by the same candle body closing of the crash of March 2020.

When looking further we can see the 0.382 (22929.74) crossing with the 0.25 bottom line of the Fib Speed Resistance Fan, which would make sense if this cycle would also last 2 years (beginning of 2020 till beginning 2022)

Another confluence is the blue 100 day MA on the Monthly chart, which acted as major support for the entire trend since being visible, which is now closing in on that same 0.382 (22929.74).

Edit: (I know it's a bit of a messy chart, apologies for that, but I couldn't do it much cleaner)

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