Bitcoin Plinko!

Updated

These fib speed resistance arcs are probably not precise or correct, but I can't stop looking at it.
Tradingview skews it when I publish so see below.

I am mostly posting this so I can see how it works out over the next 2-3 months. I am fascinated with the geometry of markets.

How will we get to wear we are going?

Owhooooo!

Note

Tradingview skews it when I publish it...here is maybe a better image.

Note

Here is my theory. First, you can use the rsi indicator to line up the chart as best as possible, then hit the blue play button.

Looking where we are at now on this chart, I think it would be amazing to see us ride the arc up towards the center of the chart. By March 4th it looks to me like we will enter what I want to describe as a resistance cluster. This might be played out by March 11th or 12th. I am thinking that's the week we will see another major break possibly. We could get up to $62,000 here and then I think we could move down one of the arcs until we get to 1.618 arc of the right eyeball. I don't want to get too far ahead, but that's my thoughts right now.

From a bullish perspective I want to see us above about $57,500 by March 3rd. More chart updates here next week, but I just wanted to put this idea down.

Howl at me! Owhooooo!

Note

One more thought...if we get up above about $58,500 sooner rather than later we could ride that next arc up and that would give us a better chance of making through the resistance cluster to the upside maybe. Just howling out loud!

Akamer-the-Werewolf

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