Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Ooooooweeeee! Dry those tears for having missed long opportunities and range trading. Honey Badger is BACK! It's amazing how fib extensions line up so closely to previous fib extensions. I have this going to 5.236, which is actually withing a few dollars of the 2.618 fib extension from the previous ATH at 5K and its impending bottom at 5K. As usual, I'm sure that the ACTUAL chart looks nothing like this and we may see a turnaround at 7k. It appears a lot of people appear not to have done much research or done TA on previous runs which may tell them to sell prematurely and when you factor in the holidays, you may have a recipe for a short run. Nonetheless, BTC's at a new ATH and the doom and gloom charts can go by the wayside (until the next major correction of course).
Comment
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I tightened up the bars a bit and may republish. We'll see what happens over the next few days, but...