Replying to Avatar TheGrinder

You don't have to trade to follow the Bitcoin chart. However it will help you to understand how Bitcoin cycles work and what to expect in the months to come.

Side note, for the first time in 15 years we have a fully completed Fibonacci cycle putting the pre-bull run lows at 61k and 51k respectively before the market goes on prove discover after the summer.

Stack sats and appreciate the low price. Come autumn anything less than 60k will be part of Bitcoin's history.
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DOUG WILSON 1y ago

Interesting. So fibonacci idea is that it'll keep pushing higher lows, and higher highs?

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TheGrinder 1y ago

No. But with 95% of the so called retail chart being bit traded the algorithms set the direction or else BTC wouldn't go down whole ETFs pick up a million coins.

If you draw. FIB from the 15k low to the new 73k ATH you'll find that it perfectly aligns with ALL levels we've seen since the low, the current retracement AND with the retracement of the last cycle from 69k to the 15k low

Just algos doing their thing.

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TheGrinder 1y ago

*being bot traded