Using the current peak as .618 we receive 250k as the fib extension
This aligns very nicely with the parabola / curve formed
On the other BLX chart we can see the angle becoming more obtuse for the curve as time passes and within the previous cycles
This may be indicative of BTC becoming more stable as it is ushered to the masses and properly adopted
It is not indicative of being "ahead of the curve" although, which I will leave up to you to decide what you believe that is.
For me it's Ethereum, lets go.
This aligns very nicely with the parabola / curve formed
On the other BLX chart we can see the angle becoming more obtuse for the curve as time passes and within the previous cycles
This may be indicative of BTC becoming more stable as it is ushered to the masses and properly adopted
It is not indicative of being "ahead of the curve" although, which I will leave up to you to decide what you believe that is.
For me it's Ethereum, lets go.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.