bitcoin consolidating at major fib circle, doom or boom?
Updated
bitcoin is ranging for several months as it nears a key fib circle
in my previous bitcoin chart i prompted that bitcoin capitulates each november every 4 years (10, 14, 18, 22?)
if the monthly closes below current price and crosses the fibo circle we may see a weak october before final drop november to my ladder zone for longs
one idea that has crossed my mind is that this could be a large ABC correction (A to current price, B to ATH with an SFP and then C back down to ladder zone and 100mma / sfp current local low)
in my previous bitcoin chart i prompted that bitcoin capitulates each november every 4 years (10, 14, 18, 22?)
if the monthly closes below current price and crosses the fibo circle we may see a weak october before final drop november to my ladder zone for longs
one idea that has crossed my mind is that this could be a large ABC correction (A to current price, B to ATH with an SFP and then C back down to ladder zone and 100mma / sfp current local low)
Note
less thank 10 days to fix this monthly candle bitcoin
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