Bitcoin (BTC) - Part 4 - Strategic View
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This is only a strategic view. For personal record keeping and strategic view.
This picture is NOT self-explanatory.
This is time analysis. For what the price is able to do, see previous posts.
There are Fibo time zones on this daily chart only. Three different in three different colors.
Green and blue are only for show, to draw attention, how Fibo zones behaved (price) in the past. Number 8 and 13 are significant. The problem is, it’s difficult to get the next set (purple color). Do I might update this chart as we ago. If anybody finds a better set, please let me know.
In a previous post, I identified that the sell-off in 2013 lasted around 90 days. Actually, it was 87 days. If we copy that to 2018, it means that this sell-off (according to 2013), should last to 15th of March. Give/take some days…. So, the Fibo time zones 7th of March to the projection of 15th of March, tells us a pretty good story here.
This picture is NOT self-explanatory.
This is time analysis. For what the price is able to do, see previous posts.
There are Fibo time zones on this daily chart only. Three different in three different colors.
Green and blue are only for show, to draw attention, how Fibo zones behaved (price) in the past. Number 8 and 13 are significant. The problem is, it’s difficult to get the next set (purple color). Do I might update this chart as we ago. If anybody finds a better set, please let me know.
In a previous post, I identified that the sell-off in 2013 lasted around 90 days. Actually, it was 87 days. If we copy that to 2018, it means that this sell-off (according to 2013), should last to 15th of March. Give/take some days…. So, the Fibo time zones 7th of March to the projection of 15th of March, tells us a pretty good story here.
Nota
The upward movement we are seeing currently is technically only a correction upwards. Until we get a confirmation that proofs otherwise.Oh, one more thing. If we should still see a significant point 7-15th of March. ... nobody said, that the low made around those days would be a new low. Also, it could be local high. Nowhere does it say that Fibo time zones identify lows or high. They identify significant points in time.
Penafian
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