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Proper, which would be that 0.618 golden Fibonacci expansion, but then did not. Go down seriously to an market cycle to the 0.618 retracement, right? We would have pulled back, reunite above and maintained and continued to this by anxiety. That is what I'm looking for, right? Thus now, uh, we've got all that to be careful of.

Proper? But then let's pull thepotential bearish divergence here. I mean, it is no surprise, both ladies and gentlemen, Bit coin. Hasbeen bearishly diverging on the oneday interval since really the beginning with this rally, also it has been a straight bearish divergence, nearly the entire operate. Uh, you understand, in essence gentlemen and ladies, once we got on the very top the following, we began to find a level line.

Then back, we increased to a brand new high. Indeed, we're flat-lining once longer, and now we are seeing this climb upwards here is revealing extreme. Divergence, my friends. So, uh, this can be quite intriguing, proper? Uh, and you guys can see , uh, that people failed climb, increased upward divergence, '' had a minor sell away, ripped upward.

Okay. Divergence all over again, minor market off, split. And my pals, we are seeing that this divergence keeps growing more extreme about a drop, a shipping cost action spelled RSI. Descending Mac DA plus if push comes to push, you realize this is essentially showing me is there is possibility that this can reverse at any time.

Nowadays , it doesn't need to occur, yet correct? At a very, extremely bullish up trend. If that is really the beginning of a new bullish macro up trend, it is possible that these bearish divergencies get completely ignored, proper? That's truly potential, but it's also just a bit skewed to me personally that we possess such bearish divergence on the oneday timeframe while additionally now staying within this red box of possible macro resistance while also coming up upon what, in my own opinion, will be the two .

Important Fibonacci expansion targets of those 0.5 around 10,160 along with 0.618 Fibonacci round the 11,000 location. Let us get this grip though. If we're seeing with the price running into here. And also the divergences continue to keep thisparticular. Surely. Uh, really decreasing trajectory in relationship to the price.

My friends, that is just a tiny bit of a danger signal for me, but that really does not mean that the tendency has to become over, right. We have seen it time and time again that these divergences have just resulted in little mini pull-backs of about 10% and the trend has continued higher. Clearly, as soon as again performance doesn't imply future effects, but right now, uh, you understand, I'm seeing what could possibly be a potential parabolic dismiss high potential .

I mean, if, if this is really to climb around, uh, the 0.618, I believe, my buddies, this is an approximately yet another 14 percent movement into the up side down. Merely to get to that Fibonacci target. This is a small difficult since you understand, moon boys and people which don't really understand trading when they hear exactly what I am saying now, they'd just, you realize, think, Oh Courbet NACI also, heor she know, you are going long up there.

It is maybe not a effortless tiny James. The thing is, my friend is that right now it's very difficult to likewise have in a long standing here from that very specific pricepoints. Sheerly. And simply on account to the fact that we are diverging the following. We're now into tentative resistance zones in and of it self. The RSI is upward close overbought conditions.