Gobsmacked By Fibonacci Circle
I am truly amazed by the precision of this "Fibonacci circle". All I did was that I connected with it two points:
a) the end of the downtrend from June 11 (LOW)
with
b) the high of the uptrend from June 30 (HIGH).
And suddenly the last peak of $683 from May 31 and the beginning of the uptrend starting at $441 from May 19, as well as the bounce of the resistance on June 24 (and June 25) at $554 (and $557) are all connected with each other. Even on July 6 there seems to be some correlation with the price movement when it leaves the blue area of the Fibonacci circle.
a) the end of the downtrend from June 11 (LOW)
with
b) the high of the uptrend from June 30 (HIGH).
And suddenly the last peak of $683 from May 31 and the beginning of the uptrend starting at $441 from May 19, as well as the bounce of the resistance on June 24 (and June 25) at $554 (and $557) are all connected with each other. Even on July 6 there seems to be some correlation with the price movement when it leaves the blue area of the Fibonacci circle.
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