BitcoinEdukasi
Bitcoin Price Analysis - Bubbles of the Past and Future
Since I got so amazed by the Gann fan and the Fibonacci time zone I tried to apply both to the historic Bitcoin chart and they align perfectly.
It may look like I drew the purple line of the Gann fan manually below the low of summer of 2013 and the blueish line by myself above the last two peaks, but no - actually the Gann fan is showing up there automatically based on the price data from the 2011 bubble.
You can see how the Bitcoin price growth has slowed down over the years as we moved from from the very explosive growing green channel in the beginning in 2010 quickly lower to the blue channel in 2011 and then over to the purple channel in 2012. Now the price growth is slowing down again for the fifth time as we are moving into the red channel. And watch the Fibonacci Time Zones, they seem to show up right between bubble cycles in the "stealth" phase before the "take-off". Something special is going to happen in early February 2015 which is going to fuel the next bubble (maybe the first ETF), since both this chart using 2011 data and my other chart where I used a Fibonacci Time Zone based on 2012,2013 data show a Time Zone line around February 8th, 2015.
P.S. Also check out my last charts with Fibonacci Time Zones:
tradingview.com/v/zrP4HfRA/
and
tradingview.com/v/bArQ5dtT/
It may look like I drew the purple line of the Gann fan manually below the low of summer of 2013 and the blueish line by myself above the last two peaks, but no - actually the Gann fan is showing up there automatically based on the price data from the 2011 bubble.
You can see how the Bitcoin price growth has slowed down over the years as we moved from from the very explosive growing green channel in the beginning in 2010 quickly lower to the blue channel in 2011 and then over to the purple channel in 2012. Now the price growth is slowing down again for the fifth time as we are moving into the red channel. And watch the Fibonacci Time Zones, they seem to show up right between bubble cycles in the "stealth" phase before the "take-off". Something special is going to happen in early February 2015 which is going to fuel the next bubble (maybe the first ETF), since both this chart using 2011 data and my other chart where I used a Fibonacci Time Zone based on 2012,2013 data show a Time Zone line around February 8th, 2015.
P.S. Also check out my last charts with Fibonacci Time Zones:
tradingview.com/v/zrP4HfRA/
and
tradingview.com/v/bArQ5dtT/
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