I've spoken a few times about how the 1.618 fib has not been resistance in the previous 3 bitcoin cycles, instead acting as support. There is also something about the 2.382 fib.
The current cycle expectation:
The 2.382 fib at $143k will line up with the 350ma*2 pi cycle line at some point in january. Then expecting a lower high before a bottom is found around the 1.618 fib.
2013 cycle:
1. Rejection of the 2.382 and then almost back to the 1.618
2. Much higher pump and then finally wicks back to touch the 1.618
2017 cycle:
1. Rejection of the 2.382 and then back to the 1.618
2. Slightly higher high, and then slowly grinds back to touch the 1.618
2021 cycle:
1. Rejection of the 2.382 and then back to the 1.618 (both times just missing)
2. Slightly lower high, and then slowly grinds back to touch the 1.618
@kshitizkapoor_ Agreed Sol is probably eth of this cycle. What sol betas are you considering? Question that keeps me up at night - focus on coins that are showing relative strength currently or ones that HAVE shown relative strength earlier in the cycle but have been beaten down lately..
AI and memes are the best performers this cycle 🟢
It is very similar to the first round of the bull run. This should give confidence to gamblers and shitters 🤣
Risk ON..