I create these for myself to reference, similar to my pre futures chart. I just want to look back and see what happens with this chart. This would be a retrace of the entire parabolic move. It is funny how there are certain hedge fund managers calling for $1,000 Bitcoin. It is roughly the cost of mining a bitcoin and right around the fib retracement price. Let's see how it unfolds in the distant future. This is just a possibility and a guide in case it starts to unfold.
Note
tradingview.com/chart/PfwHlvdK/ The .618 fib line seems to be acting as a new resistance. Lets see if we close below it today. The SEC meeting that was scheduled for this week has now been postponed to the 14th also.Note
Note
This is the same chart from the link above that did not post for some reason.
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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.