Fibonacci13

Fibonacci13

Taking a look at the projected price action with respect to the longterm trendline and Bitcoin peak cycles. If this current cycle repeats similarly to the 2013 peak, this is a scenario that could play out. This would be an extreme bullish scenario.

Fibonacci13

Although Bitcoin has a very brief history of cycles leading to major highs, we can use Fibonacci extensions to gauge how the price may react at certain levels. In looking at the first two major high to low Fibonacci extensions, we see that the 2.618 extension has marked a top consolidation/correction area in the first two cycles. We can also see that support from...

Fibonacci13

Looking at longterm trendlines with respect to bitcoin peaks, I came up with this idea to predict the next peak in Bitcoin. The time from the halvening to the next peak is simply estimated at 93 weeks, it could come much sooner. Tough to extrapolate this period based on only 2 prior halvenings. I am anticipating a slightly longer time period based somewhat on...

Fibonacci13

LTCBTC is making a massive longterm falling wedge. Now a smaller falling wedge has formed within it. Could still spend a few more weeks down here potentially, or go lower so the Fibonacci retracement is subject to change. This is one to watch for a reversal sometime soon. Selling on the Monthly chart also seems to be running out of steam, indicating potential for...

Fibonacci13

Mid-term future outlook... We hit the 10750 level I was looking for short term. I now expect a drop back down to re-test 10.3k/10.15k. I see an acceleration to 9.1k if 10150 breaks. Then likely a bounce from there and later re-test of 9.1k. If 9.1k fails, I would be looking at 7.2k-6.8k for support. Some support around 8.2k but I don't expect a reversal there....

Fibonacci13

BTC Monthly chart. Close of this week brings the monthly close as well. Going waaaay back to 2018, on a monthly scale we are still working between the fibs of the 20k drop. Strong monthly resistance at $9500 which coincides with the 0.382 Fibonacci retracement from the top. This resistance has been tested a few times already so it may be close to breaking. ...

Fibonacci13

Here's my future outlook for Bitcoin , on XBTUSD Bitmex. There are many wild predictions out there, so this one may be a little compared to some. Sorry no rocketships. As the bitcoin market is beginning to mature, and more liquidity comes into the space, I believe the charts will take on more conventional patterns and market structure. Everyone is calling for $50k...

Fibonacci13 Updated 

Tesla. Cybertruck unveiling. Upper gap was filled a few days back. New to studying bat patterns so all criticism is welcome. First publication as well. Looking for $300 as first major target.