digging
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since Aug 20, 2015
bitcoin
btc
fibonaccispirals
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This is not good TA, nor is this good fundamental analysis. However this is a once in a lifetime opportunity.
1
Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and break out has occurred (point 2). However if a new all time high is achieved then setting a line (point 3) at the outside...
6
My first chart...take that for what you will. Predicting a break out in approx 13 hours or less. Major long term resistance is cleared and ground needs to be made up after the long clear out that happened on 8/18
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