- BTC - GOLD recorded double top between October and November.
- Pivot for Fibonacci Regression lies between these 2 ATH.
- In November BTC consolidated horizontal resistance at 0.0673
- (BTC - Steady currency) enables horizontal resistance between ATHs
- (BTC - U.S. Dollar) creates a rising wedge due to dollar inflation
- BTC broke through 1.0 fibonacci regression level and the new bottom became the next fibonacci level.
- BTC touched 1,618 fib and is currently pullingback.
- First GANN FAN applied to the last ATH and indicates the downtrend line (in yellow). Possibly the (3/1) (4/1) and (8/1) lines could indicate the future downtrend lines if BTC breaks through the yellow line.
- Second GANN FAN applied on December 28th. Its last line (8/1) shares the same values as the yellow line. Its penultimate line (4/1) is the current downtrend line.
- BTC - GOLD registered several times during 2021 values in the "Now or Never Zone". Most are due to daily variations, but with daily closings above the "Now or Never Zone".
- Considering this history, it would be possible for BTC to repeat this pattern. Good area for buying cryptocurrencies in general.
- In tradingview there is no BTCPAXG for analysis. So I had to invert the graph to represent BTC growth. Candle colors are inverted.
- I didn't "convert" to USD or USDT, as the U.S. Dollar is worthing less with inflation.
Source: fred.stlouisfed.org/series/WALCL