Another look at some fib shapes. BTC fib bubble scenario

BITSTAMP:BTCUSD   Bitcoin / Dollar
We could see Bitcoin             trading for some very large numbers incase of a global flow of capital into BTC             markets as a hedge against a crumbling world-wide economy after some future financial catastrophe. We'll see!
Kommentar: moving up nicely
Kommentar: Still moving up after Donald J Trump's win as USA President
Kommentar: the trend is preserved. Testing $800 and maybe a new ATH soon.
Kommentar: Upwards we go. $800 next stop
Kommentar: Breaking $1k is a big psychological boost for BTC. Up we go.
Kommentar: ATH breached onwards we go
Kommentar: Bouncing around $1200s. Alts are gaining market cap fast.
Kommentar: We're definitely due for a major correction followed by what could be a move into the Millions per coin. God help us all.
Kommentar: I really like this chart
i really like too! thanks dude!
I'm amazed every time I check your charts for updates, nicely done. I am a little stumped by this one though... am I reading this correctly in that we are currently in the downward wave 4 and the peak of wave 3 overshot your ~6-8k target? Thanks Ero.
Ero23 ChickenNugger
@ChickenNugger, Thanks
Ero23 ChickenNugger
@ChickenNugger, looks like it played out that way
Brilliant.. I highly agree wave 4 is shallow and short compared to wave 2 and wave 5 top can be anywhere 5X - 10X of wave 3.
Ero23 elshanti
@elshanti, :D
Millions per coin? At $371,428 BTC will be as big as Gold. Maybe ALL crypto will get there, but BTC itself? Probably replaced by something else by that time.
Ero23 goldenmule
@goldenmule, Maybe we can interpret these big numbers as a reflection of what the overall crypto market will be at. Gold is a tiny piece of the overall value on Earth. It's important to consider ALL value making a potential move into crypto.
+1 Antworten
A major correction which target could have? 8k? 5k? Less? What do you expect?
@Loth, Based on my newer charts I think 6k-9k followed by a x10 move up from there towards 70k-120k
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