Bitcoin Long Term Analysis
I separated Bitcoin's history into 3 distinct bubbles:
2011 - 2012
2013 - 2014
2017 - Present
Duration of bubbles were estimated from initial breakout to the breakout of the fib speed resistance fan.
Ratio of duration between first two bubbles was applied to predict the duration of the current bubble.
A fib retracement was placed between the 1 and 7 levels of each bubble's order of magnitude ($1 - $7; $100 - $700; $1000 - $7000). The 0.786 fib was found to be supportive for the first two bubbles.
Considering $7000 as a key level of significance, a 50% retracement was drawn with a low at 3333 and mid point at 7000, resulting in a high at the current price region around 10666. This suggests this may be the local top.
The fib time zone (placement shown in 2011 bubble) predicted the breakout of resistance in the first two bubbles and the bounce of the correction in the second bubble. The current fib time zone (13) could indicate the bounce in the correction, and the next time point (21) could be the breakout of resistance.
The bar pattern from the 2013 bubble was copied to the current price action and adjusted to fit with the high, the bounce, and low at $1000 with support on the 0.786 fib.
Price may not reach
1K but is unlikely to go lower.
Dark blue vertical lines indicate the potential transition region as the economy moves from deflation into inflation as it enters an inflationary depression. See linked chart for Dow Jones prediction.
2011 - 2012
2013 - 2014
2017 - Present
Duration of bubbles were estimated from initial breakout to the breakout of the fib speed resistance fan.
Ratio of duration between first two bubbles was applied to predict the duration of the current bubble.
A fib retracement was placed between the 1 and 7 levels of each bubble's order of magnitude ($1 - $7; $100 - $700; $1000 - $7000). The 0.786 fib was found to be supportive for the first two bubbles.
Considering $7000 as a key level of significance, a 50% retracement was drawn with a low at 3333 and mid point at 7000, resulting in a high at the current price region around 10666. This suggests this may be the local top.
The fib time zone (placement shown in 2011 bubble) predicted the breakout of resistance in the first two bubbles and the bounce of the correction in the second bubble. The current fib time zone (13) could indicate the bounce in the correction, and the next time point (21) could be the breakout of resistance.
The bar pattern from the 2013 bubble was copied to the current price action and adjusted to fit with the high, the bounce, and low at $1000 with support on the 0.786 fib.
Price may not reach
1K but is unlikely to go lower.Dark blue vertical lines indicate the potential transition region as the economy moves from deflation into inflation as it enters an inflationary depression. See linked chart for Dow Jones prediction.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.