Description
⋅ Timescale Fibonacci helps you not only map by and see levels on the y axis, but also on the x-axis. Time cannot be ignored.
The similarities so far are uncanny. 0.382 fib was the approximate top, previous cycle and this.
This cycle BTC topped first on the 0.25 fib. Then the final higher-high of ~69,000$ on the 0.382 ..
Bitcoin also bottomed out around the 0.618 level..
The price action is rather similar to the previous cycle..
Breakdown, to accumulation, to fast fomo rally, into an ascending channel (not a flag), before another push higer, aka, the "echo bubble"...,
Comment
⋅ Fake out of the ascending channel occurred. Bullish reclaim.
Trade active
⋅ Broke to upside
Comment
⋅ Looking good
Comment
⋅ What can I say.. looks pretty on track to me... Up we go
Trade active
⋅ Still on track