Double Fib Circles for Historical Reference

4 בינו׳ 2020

The Orange Fib seems to catch tops especially well. The white fib is a new one that needs a little tweaking. I think BTC is in a clear bearish structure as it shows lower highs from June 2019-Jan 2020 *current month*. However, I think we are starting to hit key buying points and the FOMO is strong with the halving coming up. Long-term I see btc continuing to decline in price until a clear use-case is widely adopted.