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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)

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