MichaelBsul

Bitcoin: Macro Support/Resistance Fibonacci Schematics

Long
CRYPTO:BTCUSD   Bitcoin
The layout of these Bitcoin Schematics are to be able to see all key kevels through appropriate Timeframes.

#1 and #2 are Monthly Schematics.
#3 through #6 are all 2-Week candles.
#7 and #8 are both 1 Weekly Candles.


The first two are this ideas main attraction BIG MACRO WISE. These are the most Macro Schematics in the blueprint and they are both in LOG mode. They include two of the Strongest Fibonacci Tools each historically in this market. Each include Fib Spikes and Fib Extensions. The horizontal orange extensions are both the most important Macro Fib Extensions which is why they are 1 and 2.

The middle four are all structured support and resistance levels based on the Fibonacci Sequence. They are different because of their small price differences and structure when formed but the overall sequence travels up and can be seen visually on all separately.

The last two are the most recent formations so they are on smaller timeframes. Even though every single box has about two schematics per, #8 has about 4. This includes 3 Major Fib tools with different colors along with a not so visible couple of lines.

#2 must be watched closely as this resistance can turn into support quickly and then we move onto terra infinte. Once this happens, our resistance is Box #1 at around 200k give or take. Ofcourse there are the other boxes of resistance but I am looking at the Base Schematic of Box 1 to give me the next major ATH on Bitcoin. Or at least a major level before finding another top potentially at around 250k per Box #1's Schematic Layout.

I have linked my collection of my best Bitcoin ideas leading up to this point below and all either have some of the same schematics or work together as one.
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