poliarny

poliarny

Patterns never work out identically, but as information for reflection they can be useful. * 1-2-3-4-5 here are not Elliot waves but only drawing instrument.

poliarny

Historically, Bitcoin has found support at the 1.272 Fibonacci level from a full retracement from the previous high and continued its bullish rally for two times. People say that history doesn't repeat twice. How about three times? See the linked idea below.

poliarny

Already three times after growth peaks Bitcoin found its bottom at the 1.618 level of Fibonacci from the first correction. Will it be the same this time, I can't say. But if the world economy will smell a little bit fried, at least some of the strong hands can get rid of risky assets, which Bitcoin is.