let's see how accurate our fibonacci time zone based price prediction model was so far.
(1) - All time high
(2) - Correction and Bear market rally
(3) - Bear market
(4) - Bear market bottom
(5) - Uptrend and consolidation
(8) - First peak
(10) - Second peak
The time zones are structured around the Fibonacci sequence, characterized by each number being the sum of the two preceding ones. In trading, Fibonacci time zones are constructed by dividing price movements into segments based on ratios such as 1, 1.618, and so forth.
These zones serve as tools for traders to anticipate market reversals, drawing insights from psychological and behavioral dynamics.
To summarize, Bitcoin's trajectory aligns with these Fibonacci patterns.
As the fifth time point has been passed, we are now in a continued correction. We believe this will turn into a continued uptrend in the coming months.
