besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc.
the probability that we have bottomed out is in my opinion quite high from what i see and feel.
so here i drew some trendlines and a fib circle
the Ellipses are equal size (copy/paste)
they seem dancing around the following fib circles coloured RED.
1st = 1.618,
2nd = 4.618,
3rd = 6.618
i speculate the upcoming 4th = 8.618
added the past halving dates and upcoming 4th halving aprox early Q1 2024
of course this is not financial advise but an idea exploring visible patterns and possible target zones.
let me know your thoughts.
the probability that we have bottomed out is in my opinion quite high from what i see and feel.
so here i drew some trendlines and a fib circle
the Ellipses are equal size (copy/paste)
they seem dancing around the following fib circles coloured RED.
1st = 1.618,
2nd = 4.618,
3rd = 6.618
i speculate the upcoming 4th = 8.618
added the past halving dates and upcoming 4th halving aprox early Q1 2024
of course this is not financial advise but an idea exploring visible patterns and possible target zones.
let me know your thoughts.
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Trade active:
I'd say we called the bottom with this idea over a year ago didn't we?
