Greetings fellow traders. This is a remastered version of a graph from "Andbcoin": www.tradingview.com/...on-on-July-8th-2019/
I have come to slightly different dates and price levels, which show 0.382 fib at 23 Sep 2019 to bring us a $4950/BTC bottom. The controversy of this graph is the fact that we have a bottom being very close to the next top in Feb 2020. What are your thoughts?
I have come to slightly different dates and price levels, which show 0.382 fib at 23 Sep 2019 to bring us a $4950/BTC bottom. The controversy of this graph is the fact that we have a bottom being very close to the next top in Feb 2020. What are your thoughts?
Comment:
I've updated my chart with the very first fibonacchi box, starting from week 2 of Mt.Gox exchange. It shows some additional insights, for me in particular, the way price acts upon entering into 2.618 ratio line, which is about to happen in Feb 2019.
Comment:
This is my guesstimate trend continuation, based on Fibonacci boxes. Very simple. I've put 32k top price, because the overall trend is getting leveled and I don't see it making any changes in the future. Mainstream wants blockchain, not bitcoin.
