Bitcoin / TetherUS

The greatest ever BTC chart but I need help explaining

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This is a fib circle, I just saw the pattern forming a couple days ago but couldn’t pin it to anything because I don’t use this tool. I generally use Fib Channels but this thing just kinda fell out of the chart at me.

I honestly have no idea what it even means to be fully honest but someone will be able to explain this. EuroMotif maybe?

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