Fib Spiral timing indicator for BTC bull run (alien 3 indicator)

BITSTAMP:BTCUSD   Bitcoin / Dollar
748 11 7
Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and break out has occurred (point 2). However if a new all time high is achieved then setting a line (point 3) at the outside edge of the spiral may provide you a optimal exit time.

on a side note, if my timing is correct the peak of the run would occur at or right before halving, depending on when that date actually occurs. At the time of publish 7/16 is the estimated halving and I'm projecting a peak late June **if** we see a btc bubble.
i don't think this is how fib spirals or fractals work. still a very interesting idea, if this technique works you've got yourself some valuable information
digging Fanatik_
its not how they are suppose to work at all...which is strange.
Fanatik_ digging
but the real question is, does is work in (almost) all situations?
i like the idea, if it works i might use it myself
Fanatik_ digging
you might be a genius ;)
digging Fanatik_
well we'll know the answer to both of these in June by pushing play :p
+1 Reply
Fanatik_ digging
I think you might want to see this :P
Bitcoin price action

The job of traders is to buy what nobody wants when nobody wants it and selling what everybody wants when everbody wants it.
digging Fanatik_
Nice! I agree, my buy in avg is aprox 243. Your high might be conservative but I'll Def watch for it.
Fanatik_ digging
Yeah it's conservative because the chart predicts smart money, we can shoot beyond it in a state of euphoria. Traders bulk buying because of overconfidense could result in a higher high, but a whole lot higher.
Would you mind revealing how you determined where to place the points for Spiral 3? To me it seems like they were just randomly placed in the future, there's no indication of why they are placed where they are.
Ero23 Intuit
Look at points 1 and 2. Point 3 is just a fib extension of 1 and 2
+2 Reply
digging Intuit
Edwin hit it spot on.
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