btc.d has always been in a downtrend, but this time, we see a pattern forming ?(descending wedge) . here we can interpret Fibonacci level .618 to assume a return to the range low..
bottom trendline seems strong, implying we would expect resistance there- producing perhaps another "bounce"...
some people (especially on social media) want to assme that they understand when and where price will be. it's our jobs to critically think about what could happen next in the market
of this wave which has not cleared a high - we are looking at it's golden ratio. evidence suggests this level could be reached, but would not presumably decrease past 0.5 level.
this chart may suggest with fibonacci retracement of a larger elliot wave cycle subwave wave five could present unique buying opportunity in the year of 2024.
