BTC Nearly hit FIB extension in log scale at 20k when it finished its grand super cycle 3 wave in 2017.
It might hit the overlapped FIB extensions around 420k when finishing its grand super cycle 5 wave in 2022.
Used: Log Scale Chart. EW 12345 Impulsive wave (Grand Super Cycle). Fibonacci Extensions in Log Scale mode. Price Range tool to proof the upcoming cycle prediction to be realistic compared to previous market cycles..
Let's not get ahead of ourselves and trade the current trend though.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.