fxtrader66

BTC - The Digital Tulip Bubble?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
599 2 6
BITCOINS -THE DIGITAL TULIP BUBBLE?

Made this chart when bitcoins were at $250, and now think they could head towards the $700 level??? Fib series from all time lows to $266 high, the -1.618 extension could be a likely target if bitcoins keep heading higher.

Bitcoins reminds me of the 2011 silver             bubble, where silver's bubble popped at the -1.618 fib extension.
snapshot


Click here to see current prices for The Digital Tulip Bubble
https://www.tradingview.com/e/FRPgqbtp/
That's a good one, another thumbs up here.
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Very interesting. Nice one.
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