Bitcoin fib fragmentation of the common cycle
Updated
I used fib on time scale to measure the cycle and to tear up the fractal into different stages of the market. These proportions most likely can be applied to the case happened in recent 2 years.
Consider the M shape on the bottom that implies that market has lost its bearish incentive, can't fall anymore and is about to reverse its direction.
Consider the M shape on the bottom that implies that market has lost its bearish incentive, can't fall anymore and is about to reverse its direction.
Note
0.786 fib retracement = around 4KNote
How bears view BTCNote
Accumulate as the price moves closer to the level of 0.786Trade active
RelevantNote
Crossing above the curve once more is a bullish sign, as well as entering green area.Note
Yellow area similar behaviourNote
Note
Nice Fibonacci tune of fractal
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