Part of my ongoing analysis of this historic event (see links below).
Bitcoin has thus far been expanding at the true Golden Ratio 1.618. This growth pattern is the only way Nature grows any object or lifeform. It is not as common in financial markets, except for bubbles and Bitcoin :)
.
See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Note
Ping... Wow
WOW
.
Note
Consolidating just below resistance, a great sign
Closer look at price action around the fibs and zones
Beautiful.
.
Note
Finally through the resistance zone around 11.5/11.7 was quite a battle too, as can be seen by the price action, and also by the volume (not shown on chart) during the battles in that zone. Now on to the next target, 12,444 !
.
Note
Daily close right on the line .
Note
PING , target 2 hit EXACTLY
.
Note
wow, must blowing thru everything 14k next!
.
Note
Almost there, 13.6k hit, reacting now
.
Note
Zoom on last pump indicates 13k retest likely before proceeding to 14k
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.