Right, which would be the 0.618 golden Fibonacci extension, however, did not. Proceed seriously to an industry routine to the 0.618 retracement, right? We'd have then pulled straight back, reunite above and maintained and continued to that by pressure. That is precisely what I am on the lookout for, right? So now, uh, we have all of that to be careful of.
Correct? But then let's pull up the, the potential bearish divergence here. I mean, it's no surprise, gentlemen and ladies, Bit-coin. Hasbeen bearishly diverging on the oneday timeframe since really the beginning of this rally, and it was a straight bearish divergence, nearly the entire run. Uh, you know, essentially ladies and gentlemen, after we got to the very top right here, we began to find a level line.
Afterward back, we climbed to a fresh highquality. Really, we're flat-lining once again now we are seeing that this climb here is revealing acute. Divergence, my buddies. So, uh, that really is quite interesting, correct? Uh, and you guys can view , uh, which we did rise, climbed up divergence, had a small sell away, ripped upward.
Okay. Divergence all over again, slight offer off, rip up. And now my pals, we are seeing this divergence keeps growing even more extreme about a decline, a sending cost action spelled RSI. Descending Mac D-A and if push arrives to push, do you know what this is essentially revealing me is that there's possibility this can reverse at any moment.
Today , it doesn't need to occur, right? At a very, extremely bullish uptrend. If this is indeed the start of the brand new whistling macro up trend, it's potential that these bearish divergencies get completely blown off, right? That's extremely potential, however additionally, it is only a little bit skewed for me here that we possess such little divergence on the one day time whilst also right now being interior that red box of prospective macro resistance whilst at the same time coming upon that which, in my own opinion, would be both most.
Important Fibonacci expansion targets of this 0.5 around 10,160 along with 0.618 Fibonacci round the 11,000 area. Let's get this grip though. If we are seeing the price running upward into here. And the divergences continue to maintain this. Surely. Uh, definitely falling trajectory in connection with the price.
My buddies, it really is really a small bit of a warning sign for me, however that does not signify the trend must be over, right. We have witnessed it time and time again that these divergences have just led to little mini pullbacks of roughly 10% and then the trend has lasted high. Needless to say, after again operation doesn't imply future benefits, however , uh, you understand, I am seeing what can possibly be a potential parabolic discount top potential .
I mean, in case, though that is really to climb up to, uh, '' the 0.618, I mean, my pals, this is a roughly yet another 14 percent movement into the up side down. Simply to get to that Fibonacci objective. Now this is a bit difficult as you realize, moon boys and people which don't really understand trading when they hear what I'm saying today, they'd just, you realize, assume, Oh Courbet NACI too, '' he or she know, you are going long up .
It is maybe not a straightforward small James. The one thing isthat my buddy is the fact that right now it really is very challenging to also have in a very long standing here from that very specific pricepoints. Sheerly. And simply on account of the simple fact that we are diverging the following. We're now into tentative opposition zones of it self. The RSI is upward near overbought conditions.
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