Coverage of the fractal's potential in respect to timing in terms of Fibonacci ratios breaking down the chart wrapping with channels indicating direction and targets at intersections.
The collective psyche of the market have common targets, levels of limit buys/sells and stoploss.
Price level of half a million USD which is qualified as psychological target.
We see top channel crossing 500K on 1 Aug '22
Which means such target is not relevant until that day.
This set of channels evaluates the probably of a target and time taken to reach such price level with average rate of change of bitcoin.
Most of the targets can be tested for validity in frames of the overall channel.
The rate of change which basically in TA is the angle of a trend by all means is very important concept because it allows to cover the timing. That's the main reason I use fibonacci channels.
The collective psyche of the market have common targets, levels of limit buys/sells and stoploss.
Price level of half a million USD which is qualified as psychological target.
Which means such target is not relevant until that day.
This set of channels evaluates the probably of a target and time taken to reach such price level with average rate of change of bitcoin.
Most of the targets can be tested for validity in frames of the overall channel.
The rate of change which basically in TA is the angle of a trend by all means is very important concept because it allows to cover the timing. That's the main reason I use fibonacci channels.
