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Bitcoin & fibs 13,327$ & a quick lesson in the description

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Here's a lesson in the relation between - LEGS - Elliott wave fractals & fibs

what is a leg?

A leg in a market is defined by a pump up or a pump down IE upwave or downwave IE impulse up or impulse down

the recent leg we witnessed is measured & starts at 2931$ in price at the top of the cycle IE LEG we saw prices reach 19753$

Now we are all expecting a bounce in this market then we could either see ATH's this year or the other possibility is a longer consolidation period / short term bear market the truth is no one truly knows but I vote favor in the probabilities of bullish but everyone has different trading styles and opinions on the market & is entitled to.

for me bitcoin reminds me of the gold fractals as I have shown in my other graphs on tradingview - examples ---
Bitcoin is Gold (supply vs demand drives market value)

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so I think Bitcoin will reach new ATH's in 2018 but only time can tell I see sufficient volume for more ATHS we just need to watch the market structure in this bounce and get a better idea for the picture we are getting painted here with BTC .

Here's some more of my recent work on BTC
Full Wave Count on BITCOIN (AKA BTC 100k in 2018)

Bitcoin doing ABC before continuation

Day traders can short this bear flag if they like (BTC) 8000$


best of luck out there and keep staying profitable #HAI
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Very bullish here!!
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Bitcoin Long-term market cycle study on LOG chart
click this chart and press play

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