That Blue line is a calculated Arc, that is, in fact, a part of a Fibonacci Spiral.
As you can see, it has rejected EVERY Bitcoin ATH - Every one.
And right now, PA is getting Squeezed by it and the line of long term support just below.
We have till year end to break and hold above this Blue Arc.
Here is a Zoomed version of the same chart.
PA is currently Just above that Line,,but only just.
It has been rejected a number of times since Q4 2024.
We need to break above and hold.
It is as simple as that, otherwise, PA will be dragged down.
As you probably realise, This is the end of this Series of Bitcoin cycles.
Once above the Spiral, we leave a series of patterns Bitcoin has been in since it was created in 2008
Exciting days ahead
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.