#Bitcoin Weekly & 618 Fib circles
One Thing that tells me things have changed is the fact that PA is climbing UP a 618 circle.
1 & 2 were rejection, 3 was neutral & 4 is support
NOTE the Arrow on 4.236 ( usual rejection ), when FTX went down & Fed put in 4th 75 point Rate hike- the perfect storm for a wash out.
For Me, Fib Circles are more important that many think and here we see a progress from Stiff rejection on 1.618, softer on 2.618 - 3 is Near Neutral, signalling that the Ebb has turned and 4 is not support
Which lead me to think that 5.618 could be very interesting BUT may not be strong support. In fact, I think we may see rejection again due to "World" Fundamentals..
Tghe 6.618, however, in the beginning of 2024 could prove to be very strong Support.
Only time will tell
One Thing that tells me things have changed is the fact that PA is climbing UP a 618 circle.
1 & 2 were rejection, 3 was neutral & 4 is support
NOTE the Arrow on 4.236 ( usual rejection ), when FTX went down & Fed put in 4th 75 point Rate hike- the perfect storm for a wash out.
For Me, Fib Circles are more important that many think and here we see a progress from Stiff rejection on 1.618, softer on 2.618 - 3 is Near Neutral, signalling that the Ebb has turned and 4 is not support
Which lead me to think that 5.618 could be very interesting BUT may not be strong support. In fact, I think we may see rejection again due to "World" Fundamentals..
Tghe 6.618, however, in the beginning of 2024 could prove to be very strong Support.
Only time will tell
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。