Here is a long term growth curve of Bitcoin. The coloured curves inside the white lines are set to Fibonacci values. The purpose of this chart is to help long term Bitcoin investors clearly identify different phases of the market cycle.
Most importantly:
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white line.
Accumulation and re-accumulation - when price ranges between the green curves and bottom white line.
Happy investing!
Most importantly:
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white line.
Accumulation and re-accumulation - when price ranges between the green curves and bottom white line.
Happy investing!
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