1. Horizontal resistance and support lines were defined using Fibonacci retracement.
2. It is possible to see that the value of BTC follows within a Gann Box channel. I have marked in yellow the path that BTC has followed so far, and estimated the path that BTC could follow by the end of the year.
The reason BTC goes up to 165k$ in the last weeks of December is because I take into account the BTC cycle every 4 years: Peaks: November 2013 - December 2017 - December 2022
Fibs are naturally pleasing to look at because they represent an order and intelligence that is so graceful and natural that we hardly notice it in the natural world, yet we know when something looks "disproportionate" physically and intuitively understand it as violating the golden ratio. This is as much a work of art as it is science, beautiful chart!
NOLEMED19
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Talk about spot on, Check pivot path for Sept 5, we are dead center. Nice work
Thanks for sharing.