{"id":9755,"date":"2019-03-11T07:49:08","date_gmt":"2019-03-11T07:49:08","guid":{"rendered":"https:\/\/tradingshot.com\/?p=9755"},"modified":"2023-04-25T07:57:32","modified_gmt":"2023-04-25T07:57:32","slug":"bitcoins-fibonacci-channel-and-the-band-shift-to-100k","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2019\/03\/11\/bitcoins-fibonacci-channel-and-the-band-shift-to-100k\/","title":{"rendered":"Bitcoin’s Fibonacci Channel and the Band Shift to 100k"},"content":{"rendered":"
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BTC’s last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker.<\/p>\n

During 2015 the 0 – 0.236 Fibonacci band was used as a Support.
\nSimilarly in 2016 the 0.236 – 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then Bullish Band (0.5 – 0.786). As Bitcoin’s historic price action has shown, every such bull market peaks on a Parabolic move (0.786 – 1.414).<\/p>\n

Assuming that the 420 day bear cycle has come to an end on a near -85% price loss, then the support band has moved higher by 0.5 Fibonacci points. This should technically shift the other bands higher by a proportional rate (if all fibonacci levels were illustrated on the chart, it would be hard to read).<\/p>\n

What’s fascinating is where this sequence places the next Parabolic Band. That’s within the 1.618 – 2 levels, which on rough estimates translates in a 100000 – 1500000 valuation on the next peak.<\/p>\n

By all means this is an analysis based on that specific set of technical tools. Any attempt to tackle this with other technical evidence on the comments section is very welcome.<\/p>\n

Other useful material on BTCUSD long term projection:<\/p>\n

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Tradingview link:<\/div>\n<\/div>\n<\/div>\n
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https:\/\/www.tradingview.com\/chart\/BTCUSD\/crubjoGr-Bitcoin-s-Fibonacci-Channel-and-the-Band-Shift-to-100k<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BTC’s last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker. During 2015 the 0 – 0.236 Fibonacci band was used as a Support. Similarly in 2016 the 0.236 – 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then<\/p>\n","protected":false},"author":611,"featured_media":9756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-9755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=9755"}],"version-history":[{"count":6,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9755\/revisions"}],"predecessor-version":[{"id":9762,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9755\/revisions\/9762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/9756"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=9755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=9755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=9755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}