Bitcoin PA and Fib Circles
Those that know me from other platforms will know of my love of Fib Circles and the effect that does seem to play out
And here we are, once again, a "Local fib Circle" set in action once again
The major events are usualy on 618 circles and in this chart we can see 1.618 rejected firmly, I expect 2.618 to be similar, 3.618 usualy has a reaction earlier and so Pa eases through on a near neutral action and PA pases through flat and then PA rises after
This is also in action on the larger Timeframes as can be seen on my long term chart
What we have not seen on the long chart but e did see on nearly ever occasion o the saller time frames is the 4.236 circle ( RED on this chart ) acting as strong resistance.
The Wurstion I have for myself is, "Will this happen again" as things seem to have changed in Action AND we have the very strong Fundamentals, which will ALWAYS overrule TA on charts
So, Lets find out..but I thought I 'd share this as it looks like PA is about to get rejected to some extent on the 2.618 and this is done by TA and outside influences.
Trade safe and always be ready to act
And here we are, once again, a "Local fib Circle" set in action once again
The major events are usualy on 618 circles and in this chart we can see 1.618 rejected firmly, I expect 2.618 to be similar, 3.618 usualy has a reaction earlier and so Pa eases through on a near neutral action and PA pases through flat and then PA rises after
This is also in action on the larger Timeframes as can be seen on my long term chart
What we have not seen on the long chart but e did see on nearly ever occasion o the saller time frames is the 4.236 circle ( RED on this chart ) acting as strong resistance.
The Wurstion I have for myself is, "Will this happen again" as things seem to have changed in Action AND we have the very strong Fundamentals, which will ALWAYS overrule TA on charts
So, Lets find out..but I thought I 'd share this as it looks like PA is about to get rejected to some extent on the 2.618 and this is done by TA and outside influences.
Trade safe and always be ready to act
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