Savwire1

Savwire1

Extrapolating fib data from previous gold bull cycles, we see that the 0.618, 1, and 2 fib extensions play important roles as resistance, support, and targets. fib extensions (previous 2 cycles) 0.618: resistance into support 1: target (crisis year: 2008 / ~2027) 2: target (start of new cycle: 2011/2012 / ~2030) 1: target (retrace: / 2016 / 2034(?)) 2...

Savwire1

Last local low before start of bull run at halving in April - June 2024. #BTC #BTCPERP