Technically Speaking

Technically Speaking – November 30, 2022

It’s been a while since we’ve done a Technically Speaking article, but Bitcoin’s ($BTC.X) Point and Figure chart warrants a peak. 

The funky light-red triangles you see on the chart below are part of a type of pattern analysis known as a Harmonic Pattern. Harmonic Patterns are Fibonacci retracement and extension structures that, for whatever reason, develop in every market in every time frame. 

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