Bitcoin fib fragmentation of the common cycle
Обновлено
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.
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0.786 fib retracement = around 4KЗаметка
How bears view BTCЗаметка
Accumulate as the price moves closer to the level of 0.786Сделка активна
RelevantЗаметка
Crossing above the curve once more is a bullish sign, as well as entering green area.Заметка
Yellow area similar behaviourЗаметка
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Nice Fibonacci tune of fractal
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