BTC x STEADY CURRENCY (GOLD)

BTC - GOLD recorded double top between October and November.
Pivot for Fibonacci Regression lies between these 2 ATH.
In November BTC consolidated horizontal resistance at 0.0673
(BTC - Steady currency) enables horizontal resistance between ATHs
(BTC - U.S. Dollar) creates a rising wedge due to dollar inflation
BTC broke through 1.0 fibonacci regression level and the new bottom became the next fibonacci level.
BTC touched 1,618 fib and is currently pullingback.
First GANN FAN applied to the last ATH and indicates the downtrend line (in yellow). Possibly the (3/1) (4/1) and (8/1) lines could indicate the future downtrend lines if BTC breaks through the yellow line.
Second GANN FAN applied on December 28th. Its last line (8/1) shares the same values as the yellow line. Its penultimate line (4/1) is the current downtrend line.
BTC - GOLD registered several times during 2021 values in the "Now or Never Zone". Most are due to daily variations, but with daily closings above the "Now or Never Zone".
Considering this history, it would be possible for BTC to repeat this pattern. Good area for buying cryptocurrencies in general.
In tradingview there is no BTCPAXG for analysis. So I had to invert the graph to represent BTC growth. Candle colors are inverted.
I didn't "convert" to USD or USDT, as the U.S. Dollar is worthing less with inflation.
Source: fred.stlouisfed.org/series/WALCL

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.

renatorez2