kjetilt

Skipping a cycle

INDEX:BTCUSD   Bitcoin
If we drop a fib on the 2011 cycle, top to bottom. Read the 3.272, take two steps down to the 2.618, we get something near the top and bottom of the 2017 cycle. Measuring the 2013 cycle, we read off one step from the previous, the 3. Take three steps down (one more than last time) to find the bottom of the 2021 cycle. Measuring the 2017 cycle, we read the 2.618 and four steps down, we then get 393.000 and 62.000 for this cycle. For the cycle after that we get 477.000 and 100.000. It's not a prediction, just seemed like a plausible and fun theory :)
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