I really tried making an optimistic one, as can be seen in my latest Ethereum analysis.
But it's hard to make one that I believe in (however I drew the circular Fibonacci it didn't really make sense)...
On the other hand the negative view make much sense
All is found in my pattern "magically"... I guess it's called magick, after reading about it, or faith.
The yellow line is something I drew for fun, the scenario I think is most likely.
This links well into my overall bearish view of Bitcoin long term
It just left an outer Fibonacci ring.
It is still looking strong (short term) and could break upwards strongly.
If this happens it has room to potentially shoot high.
(don't forget about the bearish long term attraction)
The converging trend lines I'm much more confident in.
Lots of bear out there right now - these could get a sudden change of hearts.
(I'm invested in Ethereum)
imho crazy https://prnt.sc/gpaqax
In linear scaled X:Y axis are valued 1:1 or time : price progress equally.
In a Logarithmic scale with a base of 10 here on the TV charts its is a semi-log scale as only the Y axis or price is in log.
Now what do you think happens with the shape of a circle when one of its axis the Y/price in this case gets compressed by a factor of 10?