Yang358

Trend Analysis Bitcoin Fibonacci Days

BITMEX:XBT   Bitcoin / U.S. Dollar Index
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3
1. Most professional technical analysts and chart hobbyist (including myself lately) expect a price correction to Bitcoin (as according the the Nature's Law, what goes up must go down)

2. But the market may surprise on the upside as this is runaway train and based on the laws of Physics, a fast moving object will continue to move until it runs out control and crashed with a heavy opposite force.

3. This is not a buy or sell advice as only time can tell this analysis is true or false.

4. The purpose of this posting is to highlight trading view community the next coming Fibonacci Day and it may have some technical implication to the Bitcoin's trend :)

5. The argument for what is the true nature of Bitcoin is rather academic. Some will see it as an alternative to USD or gold investment. But some school of thought will argue that this is simply a modern story of The Emperor's New Clothes.

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