A break from charting fibs and , just playing around with fans. Interesting results.
At first glance it may look like an incoherent mess, but key targets do indeed line up on these angles. Forgive me if my EW counts are wrong, I am by no means an expert in this area.
Fibs, , , channels, trends, etc all work off mathematical formulas that are relative to each other. They work exceptionally well during peaks, and that's a problem.
How many markets do you know that have genuine back to back peaks? To continue the long term trend this thing needs to explode upwards again (like 10X), or arc down and rebuild momentum over a long period.
I do not see hordes of people waving handfuls of cash screaming 'take my money, give me Bitcoin', so... yeah...
The only thing I can think of that would be bigger than last year's ICO craze would be if China adopted Bitcoin as it's national currency replacing the yuan.