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Golden Ratio Multiplier

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Updated 52 minutes ago
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Golden Ratio Multiplier Explained

The Golden Ratio Multiplier shows the daily 350-day moving average of Bitcoin's price and compares it to that average multiplied by the Golden Ratio (1.6) and the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21).

The reason for this comparison is because these multiples have been accurate in the past at determining local highs within a cycle as well as cycle long highs. If it continues to be reliable, then the Golden Ratio Multiplier may be of use to traders looking to determine if the current market is overbought relative to bitcoin adoption.

Disclaimer
Any information found on this page is not to be considered as financial advice. You should do your own research before making any decisions.

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