Fractal Configuration by fibonacci channels
0FC
Incline = 2017ATH → 2021ATH
1FC
2015BOTTOM
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Having recession and unstable worldwide situation is quite contradicting and acts like an obstacle when it comes to investment decisions.
That's why we gotta focus on what we know. For global analysis we have to use big wave coordinates. For people who are aimed at big $%, I'll remind that 2024 is the year of halving. That's why 2023 in btc market will be governed by impulsive bears. The shape we see so far is freefall. During 2023 it will curve to sidetrend indicating that the last significant bear left the market or switched to bullish incentive inside hypothetical collective consciousness of the market. To confirm this thesis we'll see double cycle on the bottom inside "cold" colors area. DC marked as ⭐️.
In a nutshell, think of what shape price must draw to make masses and institutional capital jump back to btc.
0FC
Incline = 2017ATH → 2021ATH
1FC
2015BOTTOM
Having recession and unstable worldwide situation is quite contradicting and acts like an obstacle when it comes to investment decisions.
That's why we gotta focus on what we know. For global analysis we have to use big wave coordinates. For people who are aimed at big $%, I'll remind that 2024 is the year of halving. That's why 2023 in btc market will be governed by impulsive bears. The shape we see so far is freefall. During 2023 it will curve to sidetrend indicating that the last significant bear left the market or switched to bullish incentive inside hypothetical collective consciousness of the market. To confirm this thesis we'll see double cycle on the bottom inside "cold" colors area. DC marked as ⭐️.
In a nutshell, think of what shape price must draw to make masses and institutional capital jump back to btc.
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Bullish Depth Levels at intersections of top black line with fibonacci channels from 0.618 to 1
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Even after "breakout" it won’t hold for a long. Real impulsive bullish wave will start only when it’s done falling into green zone. I believe wave C hasn’t yet been established.