Another look at some fib shapes. BTC fib bubble scenario

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We could see Bitcoin             trading for some very large numbers incase of a global flow of capital into BTC             markets as a hedge against a crumbling world-wide economy after some future financial catastrophe. We'll see!
Comment: moving up nicely
Comment: Still moving up after Donald J Trump's win as USA President
Comment: the trend is preserved. Testing $800 and maybe a new ATH soon.
Comment: Upwards we go. $800 next stop
Comment: Breaking $1k is a big psychological boost for BTC. Up we go.
Comment: ATH breached onwards we go
Comment: Bouncing around $1200s. Alts are gaining market cap fast.
Comment: We're definitely due for a major correction followed by what could be a move into the Millions per coin. God help us all.
I'm amazed every time I check your charts for updates, nicely done. I am a little stumped by this one though... am I reading this correctly in that we are currently in the downward wave 4 and the peak of wave 3 overshot your ~6-8k target? Thanks Ero.
Brilliant.. I highly agree wave 4 is shallow and short compared to wave 2 and wave 5 top can be anywhere 5X - 10X of wave 3.
Ero23 elshanti
@elshanti, :D
Millions per coin? At $371,428 BTC will be as big as Gold. Maybe ALL crypto will get there, but BTC itself? Probably replaced by something else by that time.
Ero23 goldenmule
@goldenmule, Maybe we can interpret these big numbers as a reflection of what the overall crypto market will be at. Gold is a tiny piece of the overall value on Earth. It's important to consider ALL value making a potential move into crypto.
A major correction which target could have? 8k? 5k? Less? What do you expect?
@Loth, Based on my newer charts I think 6k-9k followed by a x10 move up from there towards 70k-120k
Loth Ero23
@Ero23, exactly as in my projection did 2 months ago! I have 8.8k then an explosion to 40-60-106k :)
Loth Ero23
@Ero23, is the correction still on sight?
This chart will be spot on regarding the next wave up - timing and price. It will be interesting to see how the rest plays out. Nice
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out