Bitcoin chart more bullish now than in 2015-2017 bull run???
This is my second post. I am not a professional trading. Its an observation.
In this chart, currently we are 112 weeks from the all time high back in December 2017.
So I went back to the previous all time high on November 25, 2013 and went 112 weeks out.
I then took the Fibonacci retracement tool from the bottom January 12th, 2015 to the all time high
on November 25th, 2013 and see that we are on the .786 Fibonacci line and have gone up 189% at that time from the bottom.
Compare that to the current day chart, we have broken above the .618 Fibonacci line and have gone up 224%.
Is it possible that we are repeating the 2015-2017 Bull run???
I don't know, but I hope so.
Please comment below if you see what I'm seeing.
Thank you
In this chart, currently we are 112 weeks from the all time high back in December 2017.
So I went back to the previous all time high on November 25, 2013 and went 112 weeks out.
I then took the Fibonacci retracement tool from the bottom January 12th, 2015 to the all time high
on November 25th, 2013 and see that we are on the .786 Fibonacci line and have gone up 189% at that time from the bottom.
Compare that to the current day chart, we have broken above the .618 Fibonacci line and have gone up 224%.
Is it possible that we are repeating the 2015-2017 Bull run???
I don't know, but I hope so.
Please comment below if you see what I'm seeing.
Thank you