Bifonacci

Bitcoin log chart with growth curves and fractal projection

Long
BNC:BLX   Bitcoin Liquid Index
Here is a long term growth curve of Bitcoin. The coloured curves inside the white lines are set to Fibonacci values. The purpose of this chart is to help long term Bitcoin investors clearly identify different phases of the market cycle.

Most importantly:
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white line.
Accumulation and re-accumulation - when price ranges between the green curves and bottom white line.

Happy investing!
Disclaimer

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.