Bitcoin Bullrun or Pullback for now?

17 Nis 2023

Just a cleaner zoomed in version of Bitcoin Fractal Dimensions II with important visualized details.
Since we've already covered the point of my irregular use of fibonacci channels for simulating the market, it's time to break down the candle data even further to justify whether Fibs are priced in at the right levels.


I'd qualify this as a bullrun if price fails to stop at hot colors or at final red zone for significant correction. If correction is going to be relatively weak, then it would only add "probability points" in favor for a bullrun. Fibonacci itself defines the probability of price movement in Fractal Analysis.


Source for the long-term fibonacci channels:

18 Nis 2023

Not

Relating current condition of the market to the historic proportions of growth.
A fractal to justify if the market continues growing.