Bitcoin Full Interconnectedness
Updated
In fractal analysis the randomness of price levels can be justified with the chart's historic HL coordinates.
We'll use the old structure below as a base for further cycle breakdown.
There are another two fib lines derived from angled trends, the fibs of which rhyme with chaos behind price action and cycle formation:
Steep fibs determine timing of high volatility change:
Note that they rhymed with other fib local wave measurement:
2013 ATH ⇨ Covid19 low related to pre-covid local high determines exact levels of support and resistance during the correction of pandemic fueled bullrun
What also deserves attention here is that direction of fibs which acted as support around 2019 and covid19 drop produces curve which mimics the support levels of 2023 growth.
So crossing below the support curve would be seen as first sign of bear market. Till that it has a time for growth justified by chart-based parabolic curve.
2 fibs derived from chart shows a decade of price & time interconnectedness which adds validity of the colored base structure.
This is important for scaling the fractal and estimating the boundaries of growth distinctive to the historic cycles.
We'll use the old structure below as a base for further cycle breakdown.
There are another two fib lines derived from angled trends, the fibs of which rhyme with chaos behind price action and cycle formation:
Steep fibs determine timing of high volatility change:
Note that they rhymed with other fib local wave measurement:
2013 ATH ⇨ Covid19 low related to pre-covid local high determines exact levels of support and resistance during the correction of pandemic fueled bullrun
What also deserves attention here is that direction of fibs which acted as support around 2019 and covid19 drop produces curve which mimics the support levels of 2023 growth.
So crossing below the support curve would be seen as first sign of bear market. Till that it has a time for growth justified by chart-based parabolic curve.
2 fibs derived from chart shows a decade of price & time interconnectedness which adds validity of the colored base structure.
This is important for scaling the fractal and estimating the boundaries of growth distinctive to the historic cycles.
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Price is near fibonacci intersection (chart-based probability level)
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