BITCOIN Long Term charts, Start to now
The green Arc is a Fib Arc based on ATH's, part of a Fib spiral and was used as resistance till Oct '20
If PA had followed Arc, PA would HAVE to drop now, so PA broke Free to continue in channel
I believe these ATH's were perfectly organised to form this "618" Fib arc. And YES, if you do a calculation, which I can explain if you wish, 618 is the result. This lead me to try a fib siral on the Curve and it fitted perfectly. As shown in the chart, 2 ATH's were used to form what has become the Support and Resistance trendlines of the ascending channal that PA has followed since.
They say 3 touches makes a trendline Valid. That has been done.
If Valid, Next ATH in Aug '25 @ 600K +
We can only wait to find out
If PA had followed Arc, PA would HAVE to drop now, so PA broke Free to continue in channel
I believe these ATH's were perfectly organised to form this "618" Fib arc. And YES, if you do a calculation, which I can explain if you wish, 618 is the result. This lead me to try a fib siral on the Curve and it fitted perfectly. As shown in the chart, 2 ATH's were used to form what has become the Support and Resistance trendlines of the ascending channal that PA has followed since.
They say 3 touches makes a trendline Valid. That has been done.
If Valid, Next ATH in Aug '25 @ 600K +
We can only wait to find out
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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.
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.