Step 1 : Take the weekly BTC log chart
Step 2 : draw fibs from top 2011 to bottom 2011 , where does top 2013 occur? fib 2.272 (after boxing with 1.618 a bit)
Step 3 : draw fibs from top 2013 to bottom 2013, where does top 2017 occur? fib 2.272 ( after boxing with 1.618 a bit)
Step 4 : draw fibs from top 2017 to bottom , where does top 2021/2022 occur? ( currently boxing with 1.618) , fib 2.272 would take us to 207k by march-august
Happy trading !
Step 2 : draw fibs from top 2011 to bottom 2011 , where does top 2013 occur? fib 2.272 (after boxing with 1.618 a bit)
Step 3 : draw fibs from top 2013 to bottom 2013, where does top 2017 occur? fib 2.272 ( after boxing with 1.618 a bit)
Step 4 : draw fibs from top 2017 to bottom , where does top 2021/2022 occur? ( currently boxing with 1.618) , fib 2.272 would take us to 207k by march-august
Happy trading !
Comentarios:
What's also interesting, is that the bear markets of previous cycles always seem to have ended around the point (or slighlty below ) where the bull run was boxing with the 1.618 at first. These points of interest always align with the 200 weekly ema
the lower red box in 2017 should be moved to the 1.618 fib , i misplaced it at the 0.618 fib