That Blue line is a calculated Arc, that is, in fact, a part of a Fibonacci Spiral.
As you can see, it has rejected EVERY Bitcoin ATH - Every one.
And right now, PA is getting Squeezed by it and the line of long term support just below.
We have till year end to break and hold above this Blue Arc.
Here is a Zoomed version of the same chart.
PA is currently Just above that Line,,but only just.
It has been rejected a number of times since Q4 2024.
We need to break above and hold.
It is as simple as that, otherwise, PA will be dragged down.
As you probably realise, This is the end of this Series of Bitcoin cycles.
Once above the Spiral, we leave a series of patterns Bitcoin has been in since it was created in 2008
Exciting days ahead
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.