So, the Range box WAS hiding a Secret - what now for Bitcoin
2 days ago, I posted and showed why the Current Range Box of Bitcoin may have had a bearish secret and, well , It happened.
Currently, PA has fallen out of Range and is sitting on levels of Low support
And, as I have been saying since November, there is a CME Gap from 80700 down to 77535
This Gap may get filled as this could be an excellent opportunity to do so.
It is also a great chance for us mere mortals to buy a few More Sats of a Bitcoin at a cheaper price than previously.
And I will, I do not believe this cycle is over yet...
Notice the 2.272 Fib line at 78920 which will offer support and then, just below that we have a rising Long Term line of support at around 76100, depending where PA hits it, should the support above fail.
Of course, we should remember that PA may turn around now, and reclaim a higher high
We have to Watch and react to what happens...
Stay safe
Cryprtocurrency
BITCOIN PA got rejected by the same Fib Circle as Nov 2021 ATH
This may not really Mean anything other than to show how amazing Fib Circles are and how they have a legacy in the past, even if the anchors are in the future.
Let me Explain.
To Draw a Fib circle, on the whole, we place one Anchor on a Low point of PA and then place a 2nd on a high
These Fib Circles have their Anchors in Early 2023
But Look how these Circles cross PA back in 2021.
The Current Circle that PA just went through and then turned down in the 2.618
On the Left side of the chart, see that Fib Circlwe that rejected March 2021 ATH..thats the 3.618 which we will cross again from July 2025
See what happened with the inner circle, the 1.618, on both occasions the PA ran into it.
Just somethin to think about while we wait for BTC PA to Dip down to 77K and bounce back up ;-)