I am not a financial advisor. This chart is for my personal development only.
Based on what I'm seeing, the FIB retracement confluence support lines are being hit and Bitcoin is bouncing off of them consistently.
Also, the FIB Time Zones seem to indicate that were heading into a new time zone now.
Furthermore, Bitcoin also seems to be working well according to the RSI on the 1 minute.
Based on what we have now seen play out, I think we have to consider the big pop Bitcoin had a couple of days back to be an outlier. Whether it was Elons Twitter account, or new money coming in from GameStop & or DogeCoin sells, I think that spike on the chart should be dismissed.
Lastly, I have no idea what happens when we get to the end of this triangle. :)
What do you think?
Based on what I'm seeing, the FIB retracement confluence support lines are being hit and Bitcoin is bouncing off of them consistently.
Also, the FIB Time Zones seem to indicate that were heading into a new time zone now.
Furthermore, Bitcoin also seems to be working well according to the RSI on the 1 minute.
Based on what we have now seen play out, I think we have to consider the big pop Bitcoin had a couple of days back to be an outlier. Whether it was Elons Twitter account, or new money coming in from GameStop & or DogeCoin sells, I think that spike on the chart should be dismissed.
Lastly, I have no idea what happens when we get to the end of this triangle. :)
What do you think?