Predicting the next Bitcoin bubble with Fibonacci time zones

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Using Fibonacci time zones it is possible that the peak of the next Bitcoin             bubble might occur after Fall 2014 and before Spring of 2015. The Gann fan shows that in order to make this forecast come true the price needs to start increasing by November 2014.

"Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X axis (date axis) as a mechanism to forecast reversals based on elapsed time. A major low or high is often chosen as the starting point. Distances start relatively small and grow as the Fibonacci Sequence extends. Chartists can extend the Fibonacci Time Zones into the future to anticipate potential reversal points."

The red line is the cumulative Elastic Volume Weighted Moving Average (eVWMA). Which is "a statistical measure using the volume to define the period of the moving average. The eVWMA can be looked at as an approximation to the average price paid per Bitcoin             . It can be approximated using cumulative sum of volume (...)"

--- Update 28 days later - October 1st, 2014 ---

We are now for the first time below the Elastic Volume Weighted Moving Average (red line). This can't be good:

I notice half way through your second fib time zone, downward red, the price begins to climb again. I noticed the wick gets close to touching the 3/1 as our candle is close to touching the 4/1 now. It looks like we're roughly at the equivalent point in time in proportion to our current fib time zone. If we pull above the EVWMA by the next weekly candle, I think we'll be okay. If not, I don't know.
+1 Reply
You mean the price needs to start increasing BY Nov 13, right? Not nitpicking, just making sure.
ChartArt MoonTrader
Yes, that is what I wanted to say. Thanks for pointing this out. I'm not a native speaker.
MoonTrader ChartArt
Oh, I see. That's very cool 'cause I happen to be an English teacher. You seem like you speak fine, though, so good job. :)
+1 Reply
ChartArt MoonTrader
DMI Stochastic Extreme (custom setting: 50,50,50)

DMI Stochastic Extreme (default setting: 10,1,3)

ChartArt ChartArt
actually the default is (10,3,3) but it doesn't change the monthly chart
Derivative Oscillator (with my forecast)

+1 Reply
I love bubble charts :D
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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