As you know BTC hit a new ATH and then "crashed"?
Plotted here are key levels based on all relevant fibs.
Dip looks more like profit taking than a bull run ender.
$ 62,800 is the "Decision zone" that could resolve either way.
$ 62,256 is the "Critical Support", break could drop to 52.8k.
$ 52,838 is "Bulls Last Stand" as it will be VERY hard to regain.
Inerestingly, the 69k previous ATH was called exactly by BTC's "Genesis Sequence":
Those "Genesis" fibs are still major landmarks, and included in the current plot, plus local fibs.
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Plotted here are key levels based on all relevant fibs.
Dip looks more like profit taking than a bull run ender.
$ 62,800 is the "Decision zone" that could resolve either way.
$ 62,256 is the "Critical Support", break could drop to 52.8k.
$ 52,838 is "Bulls Last Stand" as it will be VERY hard to regain.
Inerestingly, the 69k previous ATH was called exactly by BTC's "Genesis Sequence":
Those "Genesis" fibs are still major landmarks, and included in the current plot, plus local fibs.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Zoom IN (m5) for a close look at the "Decision Zone"
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Looking at the current range on 5 min still:
Zoom OUT for a full view of that fib series:
Here is that same fib but with numbers flipped to the left, and including the Genesis fibs
So nothing conclusive yet, but bulls look to be in control.
And we have confirmation of all of our fibs as relevant.
We also have a precise next target at 72.9k.
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