Bitcoin
Panjang

Bitcoin Fibonacci Fan

627
I was messing around looking at the overall shape of Bitcoins price pattern, I was looking at angles, trend lines , support and resistance areas. So I decided to apply a Fibonacci Fan to it, I started at the point I believe Bitcoin started a new bull market at the beginning of Nov. 2015 @ $300. I then projected the fan up to the all time high near $20,000. I then spread the fan out so that it would encompass the whole price pattern. Maybe it is just because I want it to fit but to me it seems like there are an awful lot of areas where the price respects these Fib lines. I am new to using the Fib fan so if I totally screwed this up I am sorry. I still like it either way.

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