BitcoinLong
2016/2020 BTC Fib Ext Comparison, Like Lincoln and Kennedy...
Hello again, same chart as I've posted before...Check out the Weekly Trend Based Fib Extension from previous Market Cycle, and you'll see that in the 2016 bull run ...the first stretch shot up to the 2.618, then perfectly retraced to the Weekly 21 EMA, and the 1.618 fib! Noted in the shaded box.
BTC is right there, Right now, 4 years later, but it it happening much faster, not slower than in 2016. Many people think this run will be slower, but...shall see...
If you add a Zero ...0... to the pricesfrom 2016, and compare to today's prices, then the top would be 29900, and retrace to 19050...Many T/A Nerds are callining for a 30K top and retrace to 20K...Amazing how it fits into the 2016 bull run.
I think if BTC doesn't top at 30K, it will snap to the 3.618 Extension at about 40K, then retrace, that would be just like the second retracement in the 2016 Run...A run to the 3.618 and a retrace to the 2.618...you can see that here too...crazy...also adding a Zero to the end...produces very similar prices of today.
This is like the Lincoln and Kennedy assinations and their similarities...I Love it!!
Post your thoughts plz!
BTC is right there, Right now, 4 years later, but it it happening much faster, not slower than in 2016. Many people think this run will be slower, but...shall see...
If you add a Zero ...0... to the pricesfrom 2016, and compare to today's prices, then the top would be 29900, and retrace to 19050...Many T/A Nerds are callining for a 30K top and retrace to 20K...Amazing how it fits into the 2016 bull run.
I think if BTC doesn't top at 30K, it will snap to the 3.618 Extension at about 40K, then retrace, that would be just like the second retracement in the 2016 Run...A run to the 3.618 and a retrace to the 2.618...you can see that here too...crazy...also adding a Zero to the end...produces very similar prices of today.
This is like the Lincoln and Kennedy assinations and their similarities...I Love it!!
Post your thoughts plz!
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Disclaimer
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.