Here is yet another reason BTC is about to bounce.
Using this moving fibonacci ratios tool (made by mah online friend BoneFunkenstein ), it shows that BTC has hit fib band that has NEVER been hit before. Yes you did read that correctly.
Many think that BTC is not that deep here but there are plenty of indicators showing that it is actually much deeper right here than even the previous bear market.
And how BTC bounce or even bottom when there is so much fear inflation FED rate hikes and lots of people are typing "crypto is dead" into Google.
Well thats how market cycles work, they bottom or bounce in times of fear and crash in times of greed.
See you at 40K 🐏🐏.
Using this moving fibonacci ratios tool (made by mah online friend BoneFunkenstein ), it shows that BTC has hit fib band that has NEVER been hit before. Yes you did read that correctly.
Many think that BTC is not that deep here but there are plenty of indicators showing that it is actually much deeper right here than even the previous bear market.
And how BTC bounce or even bottom when there is so much fear inflation FED rate hikes and lots of people are typing "crypto is dead" into Google.
Well thats how market cycles work, they bottom or bounce in times of fear and crash in times of greed.
See you at 40K 🐏🐏.
Note
LIKE / COMMENT and more TV'ers will see my work. And check out BoneFunkenstein pages, doing a lot of good charting with this indicator.Note
Also with this indicator you can see that when I made my call for BTC to hit 20K in April 2021 BTC has recently hit the highest fib. Now we're at the lowest.Note
I update to different BTC threads depending on what view I'm looking at.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
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Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.