BitcoinLong
Bollinger tightening at the week level
- Looks like the bollinger bands are tightening up at a week level.
- Timing bollinger tight spots with a fib time zone works
- I called a fib trend to predict when the next selloff should happen using 1 = fib time 2, 2 = the big ass futures peak, 3 = fib time 5 (now!)
- That puts the next peak somewhere in first half of Dec 2018 (last peak was in first half of Dec 2017, coincidence?).
- Bright Green line is current support agreed upon by market.
- Bright red line is current resistance agreed upon by market.
- Faint green dotted line is my previous support that was broken in May.
I think the previous support might come back into play since it was established pre futures rush and might have some reality to it.
I'm not super confident in the trend timing because it was an arbitrary ($2000) resistance bounce, but the months seem to line up with the fib timings.
I'm confident calling the current bollinger band low because it lines up with the fib timeings pretty well.
ETH and BTC seem to feed off of one another's popularity. With ETH futures set for end of year (as were BTC's last year), are we in for another comparable bull run? You tell me. There are no fractals in this view, let me know if this doesn't line up with what that math predicts please.
People have had a lot of time to get familiar with BTC trading since the last bull run, and the market has grown since before that run, are we primed for a bigger run than before? Perhaps Elliot Impulse 3 in December?
Thanks for reading and please offer feedback. I'm no financial advisor.
- Timing bollinger tight spots with a fib time zone works
- I called a fib trend to predict when the next selloff should happen using 1 = fib time 2, 2 = the big ass futures peak, 3 = fib time 5 (now!)
- That puts the next peak somewhere in first half of Dec 2018 (last peak was in first half of Dec 2017, coincidence?).
- Bright Green line is current support agreed upon by market.
- Bright red line is current resistance agreed upon by market.
- Faint green dotted line is my previous support that was broken in May.
I think the previous support might come back into play since it was established pre futures rush and might have some reality to it.
I'm not super confident in the trend timing because it was an arbitrary ($2000) resistance bounce, but the months seem to line up with the fib timings.
I'm confident calling the current bollinger band low because it lines up with the fib timeings pretty well.
ETH and BTC seem to feed off of one another's popularity. With ETH futures set for end of year (as were BTC's last year), are we in for another comparable bull run? You tell me. There are no fractals in this view, let me know if this doesn't line up with what that math predicts please.
People have had a lot of time to get familiar with BTC trading since the last bull run, and the market has grown since before that run, are we primed for a bigger run than before? Perhaps Elliot Impulse 3 in December?
Thanks for reading and please offer feedback. I'm no financial advisor.
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