Performante's Golden Ratio Supports
This dataset projects the MA for BTC divided by the golden ratio (1.6) as well as the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, etc).
These numbers are intertwined with markets, and have been an effective support level for key inflection points for Bitcoin's lows.
This indicator is mainly focused on the large timeframe and is set to work best on the daily timeframe . The daily is it's primary use-case.
As the market cap of BTC continues to grow, it will become progressively more and more difficult to grow at the previous appreciation rate.
This slowing growth in the market cap is demonstrated by the Fibonacci sequence support levels that are keeping the price from total capitulation dump like previous bear markets.
As we can see, the dark green MA is a great area for potential buy opportunities, while the lime green (on the bottom) have only been touched a couple times. This is a major capitulation for BTC and the crypto market.
These zones are great opportunities for investment entries as they are relatively low compared to the historic price action.
These numbers are intertwined with markets, and have been an effective support level for key inflection points for Bitcoin's lows.
This indicator is mainly focused on the large timeframe and is set to work best on the daily timeframe . The daily is it's primary use-case.
As the market cap of BTC continues to grow, it will become progressively more and more difficult to grow at the previous appreciation rate.
This slowing growth in the market cap is demonstrated by the Fibonacci sequence support levels that are keeping the price from total capitulation dump like previous bear markets.
As we can see, the dark green MA is a great area for potential buy opportunities, while the lime green (on the bottom) have only been touched a couple times. This is a major capitulation for BTC and the crypto market.
These zones are great opportunities for investment entries as they are relatively low compared to the historic price action.
Happy trading,
The Performante Team
The Performante Team