hello world.
this is my time analysis about Bitcoin.
I used a fibo time retrace from 17 dec 2017 "the top" to "bottom" 15 dec 2018. exactly 363 days...
I also used fibo ret for price from top to bottom.
as you can see we recently passed time fibo in 1.382 but we didn't touch the price in fibo 0.382 which is around 9900. it means the shorters and sellers still are so powerful.
in 27 of july we will see fibo time in 1.618. my calculation shows we may not be more than 12500 level by that time "NOT 0.618 PRICE FIBO". so I calculate this number and put a pitch fork on those pivots as you can see it shows a down trend very vividly.( I know its to soon to judge with a pitch fork like that but hey you can see how middle line kept the price so it can be true)
Time is ahead of price...
So I predict WE MAY NOT SEE A NEW ATH IN 2020.
This analysis will fail if price retrieve it's lag in compare with time.
this is my time analysis about Bitcoin.
I used a fibo time retrace from 17 dec 2017 "the top" to "bottom" 15 dec 2018. exactly 363 days...
I also used fibo ret for price from top to bottom.
as you can see we recently passed time fibo in 1.382 but we didn't touch the price in fibo 0.382 which is around 9900. it means the shorters and sellers still are so powerful.
in 27 of july we will see fibo time in 1.618. my calculation shows we may not be more than 12500 level by that time "NOT 0.618 PRICE FIBO". so I calculate this number and put a pitch fork on those pivots as you can see it shows a down trend very vividly.( I know its to soon to judge with a pitch fork like that but hey you can see how middle line kept the price so it can be true)
Time is ahead of price...
So I predict WE MAY NOT SEE A NEW ATH IN 2020.
This analysis will fail if price retrieve it's lag in compare with time.