Long Term Fibonacci Based History & Forecast
LOGARITHMIC FIB PATTERNS
Based upon previous high and low
2011 $31.91 top (blue fibs): 2.786 extension
2013 $1242 top (yellow fibs): 2.272 extension
2017 $19804 top (green fibs): 2.272 extension
2021 $? top (light blue fibs): 2.272 or 2.786 extension at $207.467 or $269.674 respectively
Based upon 2013 $266 high and $65.42 low (magenta fibs)
2013 $1242 top: 2 extension
2017 $19804 top: 4 extension
2021 $? top: 6 extension at $295.620
Based upon 2011 $31.91 high and $1.99 low (yellow fibs)
2013 $1242 top: 2.272 extension
2017 $19804 top: 3.272 extension
2021 $? top: 4.272 extension at $279.809
TIMELINE & CONCLUSION
Current velocity compared to prior 2013-2017 period is higher (bar pattern red) than before (bar pattern faint orange) which at current speed could put in the top around June/July 2021.
We have already reached the intermediate top around $62.000. In April 2013 this was equivalent to the $177 level (seen on yellow fib) and in August 2017 the $4373 level (seen on green fib).
Price targets for this year could be around $207.467 at the low end and $269.674 to $295.620 at the high end.
Based upon previous high and low
2011 $31.91 top (blue fibs): 2.786 extension
2013 $1242 top (yellow fibs): 2.272 extension
2017 $19804 top (green fibs): 2.272 extension
2021 $? top (light blue fibs): 2.272 or 2.786 extension at $207.467 or $269.674 respectively
Based upon 2013 $266 high and $65.42 low (magenta fibs)
2013 $1242 top: 2 extension
2017 $19804 top: 4 extension
2021 $? top: 6 extension at $295.620
Based upon 2011 $31.91 high and $1.99 low (yellow fibs)
2013 $1242 top: 2.272 extension
2017 $19804 top: 3.272 extension
2021 $? top: 4.272 extension at $279.809
TIMELINE & CONCLUSION
Current velocity compared to prior 2013-2017 period is higher (bar pattern red) than before (bar pattern faint orange) which at current speed could put in the top around June/July 2021.
We have already reached the intermediate top around $62.000. In April 2013 this was equivalent to the $177 level (seen on yellow fib) and in August 2017 the $4373 level (seen on green fib).
Price targets for this year could be around $207.467 at the low end and $269.674 to $295.620 at the high end.
Trade aktif
We just passed the main level of 72K, the next major area where big drawdowns will happen will be between 280-300k
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.