Bitcoin Fib Estimation II

In this idea I'll document my further observation of long-term price action

The way 0.236 first fibonacci channel defined 2021 ATH
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Critical points of prior cycles were also captured by fibonacci channels of same tool.

Significance of second Fibonacci channel is also apparent because it also breaks down historic cycles.
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This means that correlation of prices with its derived fibonacci ratios has been occurring over a decade period long.

2012 - 2015 cycle can be measures with 0 - 1 based on direction of the fall of 93.75% where n.618 defined ATHs.
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Another way of presenting how price maintains golden rule would be using the metrics of first bullish wave.
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Shows exactly how fibonacci channels split up historic cycles into component phases.


For now I see 2 options of LT price movements in respect to whole history:
A squeeze into a triangular formation OR a sooner breakout
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FibonacciFractalWave Analysiswaves

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