CoinMajesty
Panjang

A Fibonacci to 21k

BITSTAMP:BTCUSD   Bitcoin / Dolar
Bitcoin             crossed to FIB level #13. Of course the pressure of being into a new dimension it's never experienced before made it retrace. Nevertheless, Technical Analysis is showing two figures here.

- One Bullish Harmonic Pattern .
- One bull flag / descending channel .

Also some confluences:

- Support at the previous triangle resistance at 12500.
- A psychological barrier at 12500.
- The bottom of the flag / channel at 12500.

It could have bottomed at 12750 though.

If the bullish momentum continues (as I suspect it will), the previous #8 FIB level should be rejected and bounce there. Next level is 21000 for each Bitcoin             . An incredible bubble if you've been following it every day since January 1st.

If you believe BTC             will go back to zero it can only happen by banning it, which I doubt will happen. If you believe Bitcoin             has no chance to go back below 1000, you've never experienced a bubble before.

Here you have, an earthquake bubble in Europe:

http://bit.ly/2AILzZi

Komen: For some reason the FIB levels don't show up well in some screens. Here you have it well shown.

Great analysis and timing J!
Balas
Illuminati?
Balas
Maybe if you exchange the background´s colour... but thank you!!!
Balas
For a FIBONACCI fix, we should go to 8k
Balas
yeah your right fib levels do not show for some reason...
+1 Balas
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