Bitcoin and the Fibonacci Sequence

If we start looking at the ever expanding and speeding up of BTC/USD - a Fibonacci Sequence starts to appear 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, Of course the digits are in the 1,000 sequence. So while everybody is anticipating 10,000 will it be 13,000 and climbing? Food for thought.

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Apologies - The chart was to have a 8 NOT 7

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10K mark reached. Now let's see if we hit 13K. Suspect everybody has been looking at BTC the wrong way. It's a mathematical view that needs to be adopted.

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Also of interest is the lack of shorts at 10K. There was plenty at 1K?

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Fibonacci no 13 coming into range now. If BTC is indeed following this sequence, then we should see a good sized correction soon.

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The next Fibonacci no will now be 21!

Ed-Holmes

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