This is a chart for short-term traders and will also keep the analysis short.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
As seen on the chart Bitcoin is trading within a perfect Channel Up with the Fibonacci levels aligning quite well playing the role of Support and Resistance levels throughout. This is an excellent way to play the short-term buy/ sell game.
On top of that see how there is a recurring pattern within the Channel. I have clearly displayed that in alphabetic manner. The set-ups seem fairly symmetrical, the first is wider within the 0 and 1 Fibonacci the second narrower within the 0.236 and 0.786 Fibonacci.
If you are a short term trader, use this to your advantage.
@seba26-77, Thanks for this. I see your analysis on Feb 10 was ON POINT. I'll long once I see a slight pullback. I'm following you now.
seba26-77
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@Fideon, Thank you for your trust, one reminder, watch out for $ 8240
Hodl4dearlife
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Interesting, i am also seeing a similar pattern to a recent scenario but in a shorter time frame. Take a look at my analysis and let me know your thoughts. Would really appreciate it.