Bitcoin Major Bull Market Fib extensions for the 5th wave
The Fib extension tool is excellent in projecting the 5th intermediate wave for Bitcoin in its bull markets.
First bull market 2011-13: Using the Fib extension tool to extend from intermediate waves (2), (3) and (4) yields the 4.236 extension at $910. Bitcoin went well beyond that to top at $1177 in Nov 2013.
Second bull market 2015-17: Using the Fib extension tool to extend from intermediate waves (2), (3), and (4) yields the 4.236 extension at $13811. Bitcoin went well beyond that to top at $19764 in Dec 2017.
Third bull market 2018-?: Using the Fib extension tool to extend from intermediate waves (2), (3), and (4) yields th 4.236 extension at about $288,000. Bitcoin may again go well beyond that to top in Ken Standfield's $288K to $486 range by May 25, 2022.
First bull market 2011-13: Using the Fib extension tool to extend from intermediate waves (2), (3) and (4) yields the 4.236 extension at $910. Bitcoin went well beyond that to top at $1177 in Nov 2013.
Second bull market 2015-17: Using the Fib extension tool to extend from intermediate waves (2), (3), and (4) yields the 4.236 extension at $13811. Bitcoin went well beyond that to top at $19764 in Dec 2017.
Third bull market 2018-?: Using the Fib extension tool to extend from intermediate waves (2), (3), and (4) yields th 4.236 extension at about $288,000. Bitcoin may again go well beyond that to top in Ken Standfield's $288K to $486 range by May 25, 2022.
Comment:
meant $486K