$BTC cycles repeat.
(1) - All time high
(2) - Correction and Bear market rally
(3) - Bear market
(4) - Bear market bottom
(5) - Uptrend and consolidation
(8) - New All time high
These time zones are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, 21, ...).
In trading, Fibonacci time zones are created by segmenting the vertical price movement (from a notable low to a notable high) into several equal parts using Fibonacci ratios. Commonly used ratios include 1, 1.618, 2.618, 4.236, and others. Each ratio represents a distinct time zone.
More time you spend to under bigger picture, more you will be calm. You need to do only one thing. Better risk management and little technical knowledge. You got everything under control. The more you jump into unnecessary noise, more you will get distracted.
