BTCUSD has a Golden Ticket to 10k ? Bitcoin has PERFECT growth
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I know, I know, "Euphoria" is the first word that comes to my mind as well!
That's what I thought at first when some fibs were targeting 5650 then 6131.
Then I was still in disbelief when 7500 and 8k were in line (see ideas below).
This chart is an example of a very special yet very natural Fibonacci Sequence.
Nature's "Golden Ratio" pattern is to increase by 1.618x during each cycle of growth.
This pattern is definitely present in all monetary markets as well, see any of my Ideas.
Markets most often move in a "Linear" sequence, like 1.618, 2.618, 3.618 , etc.
Once in a while we find TRUE growth: 2.618, 4.236, 6.853, ... (1.618x previous).
True growth also happens in microscopic scales, not readily observable in charts.
Some observers would call such growth to be "Parabolic" or "Exponential", etc.
I don't need to tell anyone that Bitcoin has been on such a growth path recently.
What I can share is the mathematics? physics? nature? Divine influence? behind it.
So this Idea is to present the rare example, and to follow the progress live.
I do think there are strong enough fundamentals to continue (see idea below).
But I also think we need a correction soon, or face a more dangerous retrace.
My last Idea calling for 8k, and why the fundamentals should allow it:
Previous Ideas calling for 5650, then 6131, etc, are linked below.
.
That's what I thought at first when some fibs were targeting 5650 then 6131.
Then I was still in disbelief when 7500 and 8k were in line (see ideas below).
This chart is an example of a very special yet very natural Fibonacci Sequence.
Nature's "Golden Ratio" pattern is to increase by 1.618x during each cycle of growth.
This pattern is definitely present in all monetary markets as well, see any of my Ideas.
Markets most often move in a "Linear" sequence, like 1.618, 2.618, 3.618 , etc.
Once in a while we find TRUE growth: 2.618, 4.236, 6.853, ... (1.618x previous).
True growth also happens in microscopic scales, not readily observable in charts.
Some observers would call such growth to be "Parabolic" or "Exponential", etc.
I don't need to tell anyone that Bitcoin has been on such a growth path recently.
What I can share is the mathematics? physics? nature? Divine influence? behind it.
So this Idea is to present the rare example, and to follow the progress live.
I do think there are strong enough fundamentals to continue (see idea below).
But I also think we need a correction soon, or face a more dangerous retrace.
My last Idea calling for 8k, and why the fundamentals should allow it:
Previous Ideas calling for 5650, then 6131, etc, are linked below.
.
Nota
So far the Golden Fib is well in control, rejected at the 11.089 and bounced at the 9.471 Zooming back out to the Daily, I see this possible path to the next Golden Fib
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Nota
WOW. This ping at exactly 7450.99 .
Nota
So far very much on track, including a near-perfect test of the 11.089 from the upside .
Nota
Sorry for lack of updates to this publication, have been posting updates as new Ideas... Since last snap above, we of course break well above and hit the next blue fib and dropped fast and hard. But we just now got a nice clean bounce on the 11.089 Golden fib at $7,450 In addition to the "Golden Fib" in original chart above, we also have this Green "linear" fib of the entire move from the bottom.
Zooming in all they way to 1min, there are clear Ripples emanating from the bounce
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Nota
WOW, what a clean Ping of a Golden Fib WOW
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