Next stop 20k, Strategy based solely on BTC 2015-2018 patterns
Hi all
I was taking a closer look at what happened in the period from early 2015 bottom ( $165 ) to peak in late 2017 ( 20k ).
Almost every leap upwards was 1,5 to 1,618 the lenght of the previous leap upwards.
Almost every correction was to the 0,618.
Except the last one that didnt even retrace to the 0,50 : and then it boomed to the 2,618 and crashed into a bear market.
Check it out yourself, only measure bottom to top to bottom 2015-2018, the fibonacci numbers are quite amazing.
So if , IF, we are in the same situation, we have already retraced to 0,618 of previous leap. Next top is 19400-20k
I was taking a closer look at what happened in the period from early 2015 bottom ( $165 ) to peak in late 2017 ( 20k ).
Almost every leap upwards was 1,5 to 1,618 the lenght of the previous leap upwards.
Almost every correction was to the 0,618.
Except the last one that didnt even retrace to the 0,50 : and then it boomed to the 2,618 and crashed into a bear market.
Check it out yourself, only measure bottom to top to bottom 2015-2018, the fibonacci numbers are quite amazing.
So if , IF, we are in the same situation, we have already retraced to 0,618 of previous leap. Next top is 19400-20k
If we break below 10.5k area, i think we are heading for a new low "C" wave, around 8600-7200