Part of my ongoing analysis of this historic event (see links below).
Bitcoin has thus far been expanding at the true Golden Ratio 1.618. This growth pattern is the only way Nature grows any object or lifeform. It is not as common in financial markets, except for bubbles and Bitcoin :)
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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Ping... Wow
WOW
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Consolidating just below resistance, a great sign
Closer look at price action around the fibs and zones
Beautiful.
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Finally through the resistance zone around 11.5/11.7 was quite a battle too, as can be seen by the price action, and also by the volume (not shown on chart) during the battles in that zone. Now on to the next target, 12,444 !
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Daily close right on the line .
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PING , target 2 hit EXACTLY
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wow, must blowing thru everything 14k next!
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Almost there, 13.6k hit, reacting now
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Zoom on last pump indicates 13k retest likely before proceeding to 14k
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