Bitcoin - Past, present and Future
Diupdate
Bitcoin and other deflationary crypto-assets follow distinct fractal patterns in their price movements. Bitcoin , most of all, strictly follows a fibonacci pattern during its bubbles.
To the right we have the 2013 bubble and the previous minibubble as basis for our fib-extension. Here we see that bitcoin always has concluded its bubble cycles at the 5.236 extension of A (the initial bear trap in a bubble).
The impulse from ~250 to 3000 was different than the 2013 bubble. Wave {1} was complex with extended consolidation between moves.
This pattern has held throughout the year, with A being a Blow-off top which retraces to previous local high
and B being a complex top with divergence.
The fact that bitcoin held at 1800 implies that a new bottom has been set, and that the fractal cycle starts over.
Bitcoin will according to this pattern do ABC to around 3000 (A 3250 B 3464 C ~3000).
Following that, an impulse to point B (complex top) Which should be around the 1.618 ~5000$
If these fibonaccis are correct this cycle will conclude at the 5.786 extension with bitcoin reaching 13000$.
Considering a recession on par or worse than 1929 is right around the corner, i consider this more likely than not.
Thanks for viewing. If you have any questions or feedback they are much appreciated.
Happy trading towards 13000$ BTC
To the right we have the 2013 bubble and the previous minibubble as basis for our fib-extension. Here we see that bitcoin always has concluded its bubble cycles at the 5.236 extension of A (the initial bear trap in a bubble).
The impulse from ~250 to 3000 was different than the 2013 bubble. Wave {1} was complex with extended consolidation between moves.
This pattern has held throughout the year, with A being a Blow-off top which retraces to previous local high
and B being a complex top with divergence.
The fact that bitcoin held at 1800 implies that a new bottom has been set, and that the fractal cycle starts over.
Bitcoin will according to this pattern do ABC to around 3000 (A 3250 B 3464 C ~3000).
Following that, an impulse to point B (complex top) Which should be around the 1.618 ~5000$
If these fibonaccis are correct this cycle will conclude at the 5.786 extension with bitcoin reaching 13000$.
Considering a recession on par or worse than 1929 is right around the corner, i consider this more likely than not.
Thanks for viewing. If you have any questions or feedback they are much appreciated.
Happy trading towards 13000$ BTC
Catatan
Here is a better picture of it, easier to see the wave structure when they´re larger than a pixel :)s3.amazonaws.com/tradingview/snapshots/u/UHv9njPs.png
Catatan
Update for Bitcoin concerning correction target, wave structure and possible extensions.Bitcoin is repeating the first A pattern, the basis of which is 1850, top 4399.
In the minor TF, i see (abc) correction to ~3200 and then a pennant which breaks down to the bottom of 2956 (previous ATH breakout level)
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.