Bitcoin Daily back in a Squeeze - WILL react by Nov 25th but....

And there we have it, A Working chart
"Oh No, Lots of lines" I hear you cry
But every one has relevance.

The Lines descending from left to Right are Fib Circles, Nearly Always resistance and the RED ones are 236 Fib circles....Normal rejection almost guaranteed.

You can see the current ATH got rejected off the 6.768 Fib extension and a 236 Fib circle.
So far, we have fallen through a number of Fib Circles and have found support on the 5.236 Fib extension
This has also put us under pressure from the next Fib circle and so, we are in a Squeeze that has an apex on 25th this month.
This is likely rejection
This all adds confluence to what I said at beginning of the month in my Monthly Candle colour report, that does point towards a stronger likelihood of a RED close for November,
But a Green December should Follow.

Back to this month


The Arrow points towards where I think we will land and find support IF we loose the current level.
That would be around 95K on the 5 Fib extension. It also happens to be just above the next 236 Fib circle,
Bur more importantly, that dashed line is a long Term support that has support PA previously.
see below


I removed the Fib circles for clarity
You can see how that dashed line was support, as has the 5 Fib extension.
While we are here, Take Note of the horizontal 3 & 6 Fib extensions ( bold )

And see the earlier version here.


See how the 3 rejected the 2021 ATH line, the 1 supported the bounce in 2021 and the 0.236 rejected the 2017 ATH

On this cycle, that 3 fib line was the 2024 line of rejection ( PA went over and below but always in that field )

The 2025 Run has been around the 6.

I think we could reach up to the 9 over the course of the next 12 months.
"WHAT ???" "End of 4 year cycle means we fall into a BEAR doesn't it?"

I have a feeling that this may not happen. Things are VERY different this time......and there are plenty of reasons why we simply CANNOT pull back 80% from here...all mentioned in previous posts
But I do believe November WILL close RED....But DO NOT PANIC -> BUY
The Bull Run will start again in December