We found a very interesting time correlation between Bitcoin's lows. By measuring the distance in time between the low from the 12th of Nov 2017 and the one from the 6th of Feb 2018 and projecting the 0.618 (1.618 on the chart), 1 (2 on the chart), 1.618 (2.618 on the chart) and 2 (3 on the chart) extension you could have anticipated almost the exact dates at which the trend would have changed. As you can see on the chart this is also true for the relationship between the next lows. Unfortunately we found nothing after measuring the distance in time between highs but we found a small correlation in time between the last swing highs and swing lows.
As you can see on the chart there are a lot of extensions between 10 and 16 Sept. Now you could say that this is a wide range and the price could fluctuate a lot in 6 days but before saying it, let's take a look at the last 5 swing highs and lows. They weren't exactly V shaped for lows and /\ for highs. All of them had a period of 5 to 10 days of accumulation or distribution before the price started going up or down at least 30%. So we expect to see a change in trend direction around 15 September.
As you can see on the chart there are a lot of extensions between 10 and 16 Sept. Now you could say that this is a wide range and the price could fluctuate a lot in 6 days but before saying it, let's take a look at the last 5 swing highs and lows. They weren't exactly V shaped for lows and /\ for highs. All of them had a period of 5 to 10 days of accumulation or distribution before the price started going up or down at least 30%. So we expect to see a change in trend direction around 15 September.