You can see the long-term bitcoin channel in the picture, it is well tested and has an important midline!
In the red circles, the price did not cross the midline and the overall trend did not change, but in the white circles, the price reaction to the midline was just a simple correction that gave smart people the opportunity to keep up with the trend!
The number 14.618, which is one of the rare Fibonacci ratios, has been important in Bitcoin! In the late 2013 correction, which ended in January 2015, the Bitcoin target at the top of the channel was set at $ 15,000!
There are also two horizontal lines of purple dots that are in line with the price crossing the middle line! The ratio of 14,618, which is 42,000, coincided with the possible re-crossing of the bitcoin midline.
This is another sign of the power of this strange number in Bitcoin! What is the purpose of this number for the current uptrend?
around 250,000, which if we stay in the current short-term uptrend channel, corresponds exactly to the top of the long-term uptrend channel.
To read more, I will publish another analysis in a smaller time frame, be sure to see it!
It looks like Bitcoin will change from 250,000, not sooner
In the red circles, the price did not cross the midline and the overall trend did not change, but in the white circles, the price reaction to the midline was just a simple correction that gave smart people the opportunity to keep up with the trend!
The number 14.618, which is one of the rare Fibonacci ratios, has been important in Bitcoin! In the late 2013 correction, which ended in January 2015, the Bitcoin target at the top of the channel was set at $ 15,000!
There are also two horizontal lines of purple dots that are in line with the price crossing the middle line! The ratio of 14,618, which is 42,000, coincided with the possible re-crossing of the bitcoin midline.
This is another sign of the power of this strange number in Bitcoin! What is the purpose of this number for the current uptrend?
around 250,000, which if we stay in the current short-term uptrend channel, corresponds exactly to the top of the long-term uptrend channel.
To read more, I will publish another analysis in a smaller time frame, be sure to see it!
It looks like Bitcoin will change from 250,000, not sooner
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