- The reversal occurred twice in the golden ratio as you can see from the pink circles.
- The third reversal did not occur in the golden ratio, the candles did not reach the golden ratio. This is show by the red circle.
- The orange is the area which will indicate a or future for Bitcoin .
- The is also forming a , a breakout or breakdown out of the will be an indicator on wether the market will go or .
The candles will either reverse in or near the golden ratio and then break down, it may hit the support and bounce off. If not it will come crushing down.
The candles will not follow the pattern of the last 3 reversals and reverse in or near the golden ratio, and will break out of the resistance and shoot up dramatically.
Hope everyone appreciates my time and effort.
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