garavel-benibul

Bitcoin Fibonacci Retracement Cycle

Long
garavel-benibul Updated   
BNC:BLX   Bitcoin Liquid Index
Hi Guys!

Let's make some experince. Pick up Fib retracement tool and hit ATH point and then hit the bottom point for BLX . Let's repeat this for 3 ATH which are 2011, 2013 and 2017.

Did you see intresting coincidence, didn't you? BTCUSD always pulled back to fib 1.272 after crossing the ATH point.

The next ATH was at the fib 2.414 level. If this cycle repeats itself for the 3rd time, the next ATH will be in the range of 225-300k.
Comment:
Fibonacci levels based on logaritmic scale
Comment:
Still at Fib 1.272 point. This can be last chance to buy #btc at $30k
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