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Performante Golden Ratio Multiplier

1 802
This indicator projects the moving average for Bitcoin multiplied by the golden ratio (1.6) as well as the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, etc).

These mathematical numbers are intertwined with markets, and have been an effective resistance level for key inflection points for Bitcoin's highs.
This indicator is mainly focused on the large timeframe and is set to work best on the daily timeframe.

As the market cap of Bitcoin continues to grow, it will become progressively more and more difficult to grow at the previous appreciation rate.
This slowing growth in the market cap is demonstrated by the Fibonacci sequence resistance levels that are keeping the price from exploding like previous bull runs.

If the trend continues, we should see the price of Bitcoin become less and less volatile
This would lower the moving average resistance needed for the end of each bull run.

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