BTC Cycles as per Trend-based Fibonacci Time
Played around with Tradingview's Trend-based Fibonacci Time charting tool. Noticed that Bitcoin halvings took place at approximately 0.5 fib trend-based time fibonacci calculated between each cycle's bottom and top. Kinda interesting. Also noted that each market top and following market bottom took place between 2.272 and 1.618 fibonacci extension calculated from previous cycle's top/bottom. Also noted: diminishing percentual gains each cycle (as noted countless times by many people)
Not trading according to this but just putting this out there for the lulz, just in case...
Played around with Tradingview's Trend-based Fibonacci Time charting tool. Noticed that Bitcoin halvings took place at approximately 0.5 fib trend-based time fibonacci calculated between each cycle's bottom and top. Kinda interesting. Also noted that each market top and following market bottom took place between 2.272 and 1.618 fibonacci extension calculated from previous cycle's top/bottom. Also noted: diminishing percentual gains each cycle (as noted countless times by many people)
Not trading according to this but just putting this out there for the lulz, just in case...
Kommentera:
Obviously wrong cycle numbers in "Halving at 0.5 fib of Trend-based Fib Time (Cycle x)" texts. Meant to name them Cycles 2 and 3.