m1st3rraw

Macro fib time pull marking pico bottom

INDEX:BTCUSD   Bitcoin
I've been playing around with fib time from time to time, always amazed how it provided certain pivot points in history & marking local tops or bottoms.

Today i spotted that using trend based fib time, marking the '11 bottom to '13 top to '15 bottom gave the '18 capitulation candle and close to the bottom on the 1.618 fib.

Now using this exact same setup on the '15 bottom to '17 top to '18 bottom, is giving me the 1.618 target at around the middle of september (12-24 sept*), I believe the bottom will be close around here.

(*weekly-daily TF varies & macro pull is no exact science i believe)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.