High time frames tell the TRUE PICTURE (thoughts) *BITCOIN/USD*
Hi Traders,
I was digging around in the crash back in 2014 and drew a time fib from the first impulse to the ATH at 1,5k and saw it matched up perfectly to the last ATH of 20k . Each 1 step on the fib is 750 Days with each .5 step being 375 days.
From my previous idea we found the true bottom of bitcoin at around 2,700 - 3k which is our Z in this case , I found that by drawing a fib line from the ATH to the W correction and saw that Z perfectly fell on the 1.236 fib line. If we factor that in , we could get a pretty good idea of when bitcoin will make its next giant move. The only problem with this idea is it seems like the moves are happening faster and faster so we might reach targets a little a head of time.
So grab your blankets because if we are right here we could be looking just the beginning of a pretty dangerous crash. The time fib has a true bottom at around the end of this year with a whole lot of nothing in between the next big move.
On the bright side , after a long period of nothing we could very well see bitcoin above 250k.
This chart took a little while to set up so if you want feel free to drop me a like :0
Thank you for your time and safe trading!
-Toaby
I was digging around in the crash back in 2014 and drew a time fib from the first impulse to the ATH at 1,5k and saw it matched up perfectly to the last ATH of 20k . Each 1 step on the fib is 750 Days with each .5 step being 375 days.
From my previous idea we found the true bottom of bitcoin at around 2,700 - 3k which is our Z in this case , I found that by drawing a fib line from the ATH to the W correction and saw that Z perfectly fell on the 1.236 fib line. If we factor that in , we could get a pretty good idea of when bitcoin will make its next giant move. The only problem with this idea is it seems like the moves are happening faster and faster so we might reach targets a little a head of time.
So grab your blankets because if we are right here we could be looking just the beginning of a pretty dangerous crash. The time fib has a true bottom at around the end of this year with a whole lot of nothing in between the next big move.
On the bright side , after a long period of nothing we could very well see bitcoin above 250k.
This chart took a little while to set up so if you want feel free to drop me a like :0
Thank you for your time and safe trading!
-Toaby
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