Thriller Rundown - S4EP1: Bitcoin Upward Trajectory On Hold
TradingShot Chart
The recent volatility and inability to make a new high and break above the $10500 Resistance, have made me look again on the wider Bitcoin charts. On this study I look on the 1W chart in particular and compare the current spot we are on based on the Fibonacci time channel of the previous Cycle.** The Fibonacci framework **The framework I use is this. I measure each Fibonacci Timeline from the Bottom (Fib 0) of the each Cycle until its Top (Fib 1). The 1st Cycle on this chart is from October 2011 to December 2013. The 2nd Cycle is from...
The recent volatility and inability to make a new high and break above the $10500 Resistance, have made me look again on the wider Bitcoin charts. On this study I look on the 1W chart in particular and compare the current spot we are on based on the Fibonacci time channel of the previous Cycle.** The Fibonacci framework **The framework I use is this. I measure each Fibonacci Timeline from the Bottom (Fib 0) of the each Cycle until its Top (Fib 1). The 1st Cycle on this chart is from October 2011 to December 2013. The 2nd Cycle is from...
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