BTC USD, Trying to predict the future with Fibonacci numbers
It is an interesting exercise to see how bitcoin price movements might and have been evolving in the long run by looking to past action...
What I realized is that after each specific upwards trend it comes down and goes up with a sort of a cup almost symmetrical shape. I considered the starting point of each major uptrend as from the peak of the earlier bull run, considered that level as point 0 and took the price percentage from there. Every big upward move seems to follow the famous Fibonacci numbers in percentage.
here are those numbers :
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025, 121393, 196418, 317811, ...
The first major movement up was around 610%
The second around 1597%
The next and third movement I expect if it follows the same pattern on Fib numbers might be 4181%.
Which corresponds to 850k usd as the next bull run peak number!
It might be just a fantasy maybe yet it was interesting to make a projection like that.
After all why not;)) maybe it will get true in couple of years right!
Its not only about gaining or losing money.
We should have some fun as well!
What I realized is that after each specific upwards trend it comes down and goes up with a sort of a cup almost symmetrical shape. I considered the starting point of each major uptrend as from the peak of the earlier bull run, considered that level as point 0 and took the price percentage from there. Every big upward move seems to follow the famous Fibonacci numbers in percentage.
here are those numbers :
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025, 121393, 196418, 317811, ...
The first major movement up was around 610%
The second around 1597%
The next and third movement I expect if it follows the same pattern on Fib numbers might be 4181%.
Which corresponds to 850k usd as the next bull run peak number!
It might be just a fantasy maybe yet it was interesting to make a projection like that.
After all why not;)) maybe it will get true in couple of years right!
Its not only about gaining or losing money.
We should have some fun as well!