Fibonacci Retracement on the yearly chart

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yearly candle chart is intereting. Using fibonacci retracement and if the cycle repeats BTC might end the year in the $4k range and 2019 might hit a low in the $3k range and then reverse. This fits nicely with the Lightning network being finished and much more user friendly as well as the next halving, two perfect conditions for a bull rally.
BitMEX provides 100x leverage and is in tremendous growth. They are a great way to profit off of bitcoins volatility. Make sure to get an account and try them out.
Good points man, bubble deflating for a while before another bull.
+1 Reply
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