Technical analysis by jonnieking about Symbol BTC on 5/2/2025

Very BIG Daily Close for ₿itcoin above the .618 Fib 🥵BTC needs to close the next week in or above the green box demand area in order to keep the rally alive and flip resistance into support.As I originally mentioned in my idea, PA either needs to correct accordingly or this is the long-awaited PARABOLA in the making.I still stand with my original belief on how this will play out, and have numbered my ideas accordingly. 1. Correct to 200DMA2. Correct to 50DMA3. Inverse Head and Shoulders reversal pattern4. PARABOLA 🚀I hope it's time to MOON more than anyone!but I still have a good chunk of cash on the sideline in case the market needs more time 🤓