From here btc can either: -continue to range in the triangle -move to the next fibonacci level
If we look at the parabolic growth in 2013-2014 we see alot of similarities: (tradeview chart):
- crazy bullrun untill end of the year - then a simmilar bear market with bounces on the fib levels - death cross on daily After last parabolic run we bounced hard of the 0.236fib level. Yesterday (29-3) we broke with a big red candle through the 0.382 fib level. This would give us a short target of 4680 at the 0.236 fib.