Bitcoin 4.236 & 10.618 Fib Circles repeating
Drawing a trend line off the 2017 ATH and going through the 2021 ATH's and projecting along that path.
Take the Fractal of the rise frim 2020 to the 2021 ATH andf Expand.
The orange Fib Circles are placed off the start of the Rise in 2020.
Zooming into a Day chart, see how PA reacts just under the 4.236 Fib circle...it got rejected for a few days before breaking through
https://www.tradingview.com/x/YpBKj1iH/
The Bold Arrow points towards the equivalent position we are now in in 2024,
In the 2021 Run up, it was a 36% pull back before Running up to the NEW ATH, resetting the MACD and RSI.
Note how the 10.618 Fib Circle rejected PA at the intersection of that Trend line once PA began running again after 4 weeks.
Moving to the Current PA and we see a very Similar scenario playing out.
https://www.tradingview.com/x/ycewOMOA/
Note how PA got rejected for a short while under the 4.236 Fib circle and how, Now that we have broken through, we have Risen and now see a retrace trying to happen, though currently only -17%. most likely due to ETF pressure though this may change.
PA has followed this Fractal also and if it continues, we could see 100K USDT by MAY !
What give this some strength is how that Fractal meets the Trend line from 2017 EXACTLY where the 10.618 Fib Circle intersects it, as it did in 2021.
There are so many charts giving the same Date lines via so many different routes, there HAS to be some creadability to this...Given that Fundimentals allow this to happen
But as I always say...There is no guarentee and this is not Advice, Just my ideas......
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