BTCCHINA:BTCCNY Bitcoin / Chinese Yuan
Just thought it was time to publish this update to my earlier 'Fun with Time Fibs' series. Basically it's a study of a recurring time scale pattern in the price structure that harks back to the beginning. According to the pattern we are fast approaching a significant turning point toward a new all time high, with almost as many days between the previous all time high & the January 2015 bottom; And that same bottom to where we are now. What the current blue & orange timefib zone signifies is due to the extremely long drawn out market, relatively speaking, we have been in for the last 2 years, we should be in for a massive multi year run toward this next all time high that I calculate will happen sometime in July 2017. This coinciding with major markets developing in the share indexes & commodity prices, bodes well to the safe haven nature of , as a 'digital gold'.