DmitriKnjazev
Panjang

Fibonacci numbers detected on the time axis. 3rd wave to go.

BITSTAMP:BTCUSD   Bitcoin / Dolar
1 bar = 4 hours.
The distances between the tops and the bottoms of the latest price movements returns us almost perfect Fibonacci match:

* 13 + 22 -> 36
* 36 + 22 -> 59
* 36 + 59 -> 95
* 95 + 59 -> 154 / 4h = 27d for the 3rd wave

95th bar (ending of the 2nd wave) falls on the 15th of January, so I expect that current movement down can last up to 3 more days and the price can get a bit below $13000. If the price will reverse here, the next upward movement could last for around 27 days and bring us to the new heights. It can be interpreted as the 3-rd impulse wave. The 2nd corrective wave has almost reached the bottom of the 1st wave. The 3-rd wave can be long and powerful.
Interesting perspective I will be excited to follow this.
Balas
yup, still going
Balas
Damn that developed so smoothly up to now.. Kudos my friend.. kudos
Balas
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