The fib spiral imitates exponential growth aka bullrun inside scheme based on fib. As the price moves up, it gets retraced. The next level is 0.786.
The first sign of a bullrun would be in a situation when price breaks above red resistance line which makes up the triangular formation we're currently in.
There fluctuations meant to take place in frames of two channels which cross into the fib scheme, hence giving us more-less a source of estimation in terms of price.
Breaking below purple steep channel will make blue channel more relevant.
The timefibs are there to predict reversals and generally gives us sense of timing.
In my view, if bullrun doesn't take place as crowd is expecting, it would be because of the fact that price hasn't landed on the two forgotten initial trendlines for 3 years.
The space between them is colored green to represent a strong support zone.
It would be more natural if price lands on long-term demand area before the bullrun of a bigger scale actually takes place.
The first sign of a bullrun would be in a situation when price breaks above red resistance line which makes up the triangular formation we're currently in.
There fluctuations meant to take place in frames of two channels which cross into the fib scheme, hence giving us more-less a source of estimation in terms of price.
Breaking below purple steep channel will make blue channel more relevant.
The timefibs are there to predict reversals and generally gives us sense of timing.
In my view, if bullrun doesn't take place as crowd is expecting, it would be because of the fact that price hasn't landed on the two forgotten initial trendlines for 3 years.
It would be more natural if price lands on long-term demand area before the bullrun of a bigger scale actually takes place.
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BTW, price crossing fib spiral = death of bullrun!
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In contrast, here is a fractal configuration in favor for a bullrun taking place relatively in nearest future to support the scheme.
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correction after getting close to 0.786 level
Trade closed: target reached
