FIBB TIME SCALE ALIGNS VERY CLOSELY WITH BTC PRICE CRASHES

20 Mar 2018

I found an interesting thing........In trying to find underlying TA among BTC price crashes, I applied the FIBB time scale, starting with one of BTC's first major price crashes. I know there are examples of crashes prior to my first time marker but I chose a point after BTC had begun it's major price run-up. Anyways, the crashes after my chosen starting point are amazingly close to the FIBB time scale lines. IF this pattern continues then there should be another crash mid-May. I'm NOT saying it's gonna happen, I'm just pointing out what I think is a very interesting and potentially helpful bit of TA. Do with it what you will.

As always, I hope you come out with more than ya went in with!

15 May 2018

Not

So the window I expected the next Fibonacci time scale marker to fall within (May12th-May16th) seems to have happened on the 12th. There are a 2 more days to go in the window as I update this so we'll see if another drop occurs but I'm thinking the 12th may have been the day.