Here’s as close as I can get for a $BTC “crystal ball” relative to the current correction. No, I don’t think anyone can predict an exact date and price with certainty. But you can build a pretty good probability map when multiple forms of confluence start lining up in the same place. On this chart, I’m seeing a potential convergence around $78K–$78.5K. That area brings together the .702 Fib retracement, my 9 year rising macro support trend line, the descending structural trend line, and a time-based projection that puts the intersection roughly around October 22–25. I’m not saying Bitcoin has to hit $78,300 on a specific day. Time projections are always less reliable than price projections because markets can speed up or slow down. But when price, trend structure, Fibonacci and time all begin converging in the same general area, that's something that you can look for. The important part is that I didn’t create this target from one indicator. I was already watching the $77.5K–$78.5K area before adding the time component. Now several independent methods are pointing toward essentially the same zone. So if BTC continues the current sequence of lower highs and lower lows, this is the area where I’ll be watching very closely for the correction to potentially find major support. Call it my crystal ball if you want. I call it confluence. #Bitcoin #BTC #Crypto #TechnicalAnalysis #Fibonacci #MarketStructure #PriceAction #TradingView #BitcoinAnalysis
Eric Van Tassel (Not a Financial Advisor!)Share

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