Bitcoin Rumbles Beneath The Surface... Release The Bitkraken!

4 thg 2, 2022

To begin this analysis, the yellow fractal pattern is taken from the first yellow ellipse, and the green fractal pattern is taken from the green ellipse. Yes, our current price movement has not perfectly followed the two fractal patterns, although still very closely, but that is the way it should be, and this is because we are at a completely different stage of logarithmic decay... if it was following exactly I would consider it too good to be true. We are resting/bouncing off the 0.382 with respect to the Fibonacci channel. As usual, the two Fibonacci spirals are perfectly predicting our next high and our current bottom/reversal point. The price target is 250k to 300k, and this is with respect to the fact that for all of Bitcoin's 12 years it has made its bull top at the 2.414, and if you view the related ideas you will see this and also be filled in on my entire analysis of Bitcoin. The Stochastic RSI is primed for an eruption! As always, I could be absolutely wrong and Bitcoin could tank the minute or a week after this post, but, and I say this with the utmost of personal certainty, this is not the most likely outcome! The only way I see Bitcoin crashing is if it is fraudulently and intentionally manipulated to do so i.e. if society collapses, and this is rather possible given the state of world affairs, but as I said I do not see this as most likely. If anyone chooses to be iffy about the usage of the Fibonacci spirals, the point of this tool is to squeeze the chart as close to what you are attempting to measure for the most accurate results.

Still image of my chart because the interactive chart displaces my analysis a bit: