Bitcoin fib fragmentation of the common cycle
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I used fib on time scale to measure the cycle and to tear up the fractal into different stages of the market. These proportions most likely can be applied to the case happened in recent 2 years.
Consider the M shape on the bottom that implies that market has lost its bearish incentive, can't fall anymore and is about to reverse its direction.
Consider the M shape on the bottom that implies that market has lost its bearish incentive, can't fall anymore and is about to reverse its direction.
Nota
0.786 fib retracement = around 4KNota
How bears view BTCNota
Accumulate as the price moves closer to the level of 0.786Trade attivo
RelevantNota
Crossing above the curve once more is a bullish sign, as well as entering green area.Nota
Yellow area similar behaviourNota
Nota
Nice Fibonacci tune of fractal
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ᴘᴀꜱᴛ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ɪꜱ ɴᴏᴛ ɪɴᴅɪᴄᴀᴛɪᴠᴇ ᴏꜰ ꜰᴜᴛᴜʀᴇ ʀᴇꜱᴜʟᴛꜱ.
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