Suitable, which is that 0.618 golden Fibonacci extension, however, did not. Go down seriously to a industry cycle to the 0.618 retracement, directly? We'd have then pulled back, got back over and maintained and continued to that by pressure. That's what I am looking for, right? Thus now, uh, we've got most of that to be careful of.
Appropriate? But let's pull up the, the potential bearish divergence here. I am talking about, it's not any surprise, gentlemen and ladies, Bit-coin. Has been bearishly diverging over the oneday timeframe ever since the start of this rally, it was a straight bearish divergence, almost the full operate. Uh, you understand, in essence ladies and gentlemen, after we obtained to the very top the following, we began to find a flat line.
Afterward back, we climbed into a fresh high. Really, we are flat-lining once more, now we are seeing that this climb here is showing extreme. Divergence, my pals. Thus, uh, this really is quite fascinating, proper? Uh, and you guys can see this, uh, that we did rise, climbed up divergence, had a minor sell away, ripped upward.
Okay. Divergence again, minor offer away, rip up. And now my buddies, we are seeing that this divergence is growing even more extreme on a decline, a sending cost action spelled RSI. Descending Mac D-A and when push comes to push, you know what this is essentially showing me is that there's potential this could reverse in any moment.
Nowit will not have to occur, yet appropriate? At a very, quite bullish uptrend. If this is really the beginning of the brand new whistling macro up trend, it is potential these high-income divergencies get fully blown off, proper? That's extremely possible, but in addition, it is only a bit alarming to me here that we have such bearish divergence on the one day interval whilst additionally right now staying inside this reddish box of possible macro resistance whilst at the same time developing upon that which, in my estimation, will be the two .
Significant Fibonacci expansion targets of those 0.5 approximately 10,160 and 0.618 Fibonacci around the 11,000 location. Let's get this traction though. If we are seeing the price running up into the following. And the divergences continue to keep thisparticular. Surely. Uh, truly declining trajectory in relationship to the price.
My friends, that is only a tiny bit of a warning sign for me, but this does not mean the tendency needs to become right. We've witnessed it repeatedly which these divergences have just resulted in little miniature pull-backs of roughly 10 percent and then the tendency has lasted higher. Of course, when more past operation doesn't imply future benefits, however right now, uh, you understand, I am seeing exactly what could possibly be a potential parabolic dismiss top potential here.
After all, if, if this really was to climb around, uh, the 0.618, I really mean, my buddies, this could be an approximately another 14 percent move into the upside. Simply to get at this Fibonacci target. This can be just a modest difficult because you understand, moon boys and people that do not really understand trading when they listen to exactly what I am saying today, they would only, you understand, suppose, damn Courbet NACI also, he, you realize, you're going long right up there.
It is perhaps not that easy little James. The one thing isthat my buddy is that correct today it is rather challenging to also get at a long position in this exact specific price points. Sheerly. And purely because of the simple fact that we are diverging here. We're now into work-related opposition zones of itself. The RSI is upward close overbought states.
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