Suitable, which is the 0.618 golden Fibonacci expansion, however, then did not. Proceed to an market cycle to the 0.618 retracement, directly? We would have then pulled straight back, got back over and maintained and continued into this by anxiety. That is what I'm looking for, right? So now, uh, we have most that to be aware of.
Right? But then let's pull up thepotential divergence here. I am talking about, it really is no surprise, ladies and gentlemen, Bit coin. Has-been bearishly diverging over the oneday timeframe ever since the start with this rally, it has been a direct bearish divergence, nearly the entire run. Uh, you realize, in essence ladies and gentlemen, once we obtained on the top right here, we started to see a set line.
Then back, we rose into a brand new high. Indeed, we are flat-lining once longer, and now we're seeing this climb here is revealing acute. Divergence, my buddies. So, uh, that can be quite fascinating, correct? Uh, and also you guys can view here, uh, that people failed climb, increased up divergence, '' had a little sell away, ripped upward.
Ok. Divergence once again, minor sell away, split. And now my buddies, we are seeing this divergence keeps growing even more steep on a drop, a shipping price action descending RSI. Descending Mac DA plus if push comes to shove, do you know what this is actually showing me is that there's possibility that this could reverse in any time.
Nowit will not need to occur, right? At an extremely, extremely bullish up trend. If this is indeed the beginning of a new bullish macro up trend, it is likely these high-income divergencies get totally ignored, proper? That is extremely possible, however in addition, it is only a bit alarming for me personally here that we have such little divergence on the one day time whilst also right now becoming inside of this red box of prospective macro resistance while at the same time coming up upon what, in my opinion, are the two .
Significant Fibonacci expansion aims of this 0.5 around 10,160 along with 0.618 Fibonacci across the $11,000 location. Let us do this traction . So if we're visiting with the purchase price running into the following. And also the divergences are still maintain this. Absolutely. Uh, genuinely decreasing trajectory in connection with the purchase.
My buddies, it is really a little bit of a danger signal for me, but this really does not mean that the tendency has to be over, right. We have seen it time and time again which these divergences have just resulted in little mini pullbacks of roughly 10 percent and the tendency has continued higher. Of course, once more past performance does not imply future results, but right now, uh, you realize, I am seeing exactly what could be a potential parabolic discount high potential .
After all, in case, though this really was climb up to, uh, '' the 0.618, I mean, my friends, this is a roughly another 14 percent movement to the upside. Just to make the journey compared to that Fibonacci target. This can be just a tiny difficult as you know, moon boys and people that don't really understand trading whenever they listen to what I'm saying today, they'd only, you know, believe, damn Courbet NACI also, '' he , you realize, you are going long right up .
It's maybe not that effortless tiny James. The one thing is, my friend is that correct now it really is quite challenging to likewise get in a long standing in that exact specific pricepoints. Sheerly. And only because to the simple fact we are diverging right here. We're now into tentative resistance zones of it self. The RSI is upward near overbought conditions.