Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and break out has occurred (point 2). However if a new all time high is achieved then setting a line (point 3) at the outside edge of the spiral may provide you a optimal exit time.
on a side note, if my timing is correct the peak of the run would occur at or right before halving, depending on when that date actually occurs. At the time of publish 7/16 is the estimated halving and I'm projecting a peak late June **if** we see a btc bubble.
Would you mind revealing how you determined where to place the points for Spiral 3? To me it seems like they were just randomly placed in the future, there's no indication of why they are placed where they are.
You23
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Look at points 1 and 2. Point 3 is just a fib extension of 1 and 2
digging
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Edwin hit it spot on.
Fanatik_
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i don't think this is how fib spirals or fractals work. still a very interesting idea, if this technique works you've got yourself some valuable information
digging
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its not how they are suppose to work at all...which is strange.
Fanatik_
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but the real question is, does is work in (almost) all situations?
i like the idea, if it works i might use it myself
Fanatik_
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you might be a genius ;)
digging
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well we'll know the answer to both of these in June by pushing play :p
Fanatik_
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I think you might want to see this :P
The job of traders is to buy what nobody wants when nobody wants it and selling what everybody wants when everbody wants it.
digging
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Nice! I agree, my buy in avg is aprox 243. Your high might be conservative but I'll Def watch for it.