TradingView
HarryTr
Dec 15, 2018 12:13 PM

Fair value of BTC 

Bitcoin / DollarBitfinex

Description

Looking back at Weekly chart,

I identified some interesting patterns
(details on the charts)

Calculating the gain ratio back in the last major bull run in 2014, I got BTC at a fair value of 2800 to 1150. Below 1150 means it will break all the rules of EW and Fib fundamentals. BTC would really have gone to its death. But for now, I don't see any major push back just yet, really see the price is heading between 2800 to 1150. Best at 1150 for a great market entry


Disclaimer
Opinions only
Comments
xpersion
if bull run comes likely 180 k - 240 k
HarryTr
@xpersion, liquidity is too low to reach that mate, Im not quite sold
Mracha
Nice, thanks!
TJ_Crypto_NL
Looking at a chart with more history, we might made the 5th wave

artem19840910
HarryTr
@artem19840910, personally i think, BTC will die out if it falls below 1150, primary cycles are too small to be accountable
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