CryptoKaiserDE

CryptoKaiserDE

1. General Overview of the Setup: This chart uses Fibonacci circles as a tool to identify key support and resistance levels in relation to time and price. The circles expand outward from the anchor point of the trend, capturing potential price turning points or zones where price action could experience increased activity or reactions. Current Price Action:...

CryptoKaiserDE

Current Price The price is currently near the 0.236 Fibonacci level on the spiral, suggesting it is approaching a resistance zone. Trend: The overall market structure is bullish, as Bitcoin has been recovering from lower levels in a sustained upward trajectory. The 1.618 Fibonacci spiral level, located far above the current price, could represent the...