LONG Fib Spiral timing study for Bitcoin/Dollar, D, BITStamp

Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and breakout has occurred (point 2). However, if a new all-time high is achieved then setting a line (point 3) at the outside edge of the spiral may provide you an optimal exit time.

Trade closed: target reached