I think it's import to understand, NOT WHY chart retraces to fibonacci-levels, but that THEY ALL DO.
As all organisms breath in their own specific way.
As they all retrace back to those levels, so do they leave a significant pattern as their fingerprint.
Ofcourse every chart has its own unique one.
Since bitcoin is the most followed crypto out there, you can find its fingerprint above the chart.
We all know math and how A stands to B as B stands to C.
If we do this with bitcoin, we can see the ratio between A and B is massive.
You can calculate yourself how C would look like following the same ratio.
There is no garantuee is does, but since BTC is now getting so much energy and attention in different ways, I do believe C will follow the ratio
leaving BTC with a new ATH around 75K 2nd half of the year.
For longterm traders, NOW it's absolutely a great opportunity to buy in big and see C unfold.
For Swing traders, using this fractal is an amazing way to strategically set your buy and sell orders, go short or long.
As from now, BTC is in the grey-zone, the transition or however you want to name it, to C.
With all the fud, fuss, fog, regulations, BTC managed to copy itself in a much greater way.
So you can ask yourself: who is manipulating who?
Have fun trading, do it with passion, so you make decisions from your heart, not out of greed.
Peace.
William
As all organisms breath in their own specific way.
As they all retrace back to those levels, so do they leave a significant pattern as their fingerprint.
Ofcourse every chart has its own unique one.
Since bitcoin is the most followed crypto out there, you can find its fingerprint above the chart.
We all know math and how A stands to B as B stands to C.
If we do this with bitcoin, we can see the ratio between A and B is massive.
You can calculate yourself how C would look like following the same ratio.
There is no garantuee is does, but since BTC is now getting so much energy and attention in different ways, I do believe C will follow the ratio
leaving BTC with a new ATH around 75K 2nd half of the year.
For longterm traders, NOW it's absolutely a great opportunity to buy in big and see C unfold.
For Swing traders, using this fractal is an amazing way to strategically set your buy and sell orders, go short or long.
As from now, BTC is in the grey-zone, the transition or however you want to name it, to C.
With all the fud, fuss, fog, regulations, BTC managed to copy itself in a much greater way.
So you can ask yourself: who is manipulating who?
Have fun trading, do it with passion, so you make decisions from your heart, not out of greed.
Peace.
William