JackMush
Long

Bitcoin simple fractal idea - 5k then 80k (just a cool idea)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello all,

A while ago I posted this idea for a monthly fractal but with the target as 25k             and the current 'top' as 7k (here: https://www.tradingview.com/chart/BTCUSD/eaHVQq1B-My-friends-Bitcoin-monthly-fractal-25-000/)
I wasn't sure that was the top and promised I would update when I thought the top is in.

I think the top might be in. And if it is, we can check out the previous bubble to guess where it might go. If we are to correct to the exact same fib (currently around 5k,) which also falls in line with many other things, such as parabola breakdown, trendline etc - we could then pump to 80k (the same fib extension as the previous bubble) before finally entering a large scale correction.

This is just kind of a cool idea, not to be taken too seriously. But I'm sure gonna buy a lot if it hits 5k.
Comment: Just....wow.

You can allow for a little swing, so I'd say between 4000-5500 would be amazing buy spots for this fractal. Technically the fib is at 4500, and I guess it's a little early to tap the mean.
the exact value is 4,757.61
Reply
possible
Reply
Let's pray for 5k! :)
Reply
devilninja777 jbg_crypto
@jbg_crypto, No, lets pray for 80K!! :(
+2 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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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