BitcoinLong
Busy Long Term BTC Chart 2 Fibs
The large white fib is from last cycle top to bottom extending up and BTC hit the 1.786. That is an unusual stopping point, bouncing between that and the 1.414.
Yellow fib is from the beginning of this last run up, and the biggest thing I learned is that at some point in the future, the Fair Market Zone will fill out. Maybe now?? or as the bull run ends, but that area only had buys and no real back testing, that's an area to watch closely, would mean a test of the 78.6 fib in ye;;ow 75K? Crazy but possible.
I personally don't see it, and the Bull run is not over, I could be wrong, but need to have points of interest.
Yellow fib is from the beginning of this last run up, and the biggest thing I learned is that at some point in the future, the Fair Market Zone will fill out. Maybe now?? or as the bull run ends, but that area only had buys and no real back testing, that's an area to watch closely, would mean a test of the 78.6 fib in ye;;ow 75K? Crazy but possible.
I personally don't see it, and the Bull run is not over, I could be wrong, but need to have points of interest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.