BitcoinBahai

BTC Fibonacci DMA350 Trendlines

Adapted from Tim Graham's Code.
See Original Inspiring Article from Phillip Swift at: @positivecrypto

When looking into BITSTAMP:BTCUSD 1D data in spreadsheet. Historically, BTC Highs Hit (Simple Daily Moving Average 350 Days) DMA350 in reverse Fibonacci Sequence Order
2013 Hit DMA350*8 before All Time High (ATH)
2017 Hit DMA350*5 before ATH
I expect 2021 to hit DMA350*3 ATH. When BTC hits DMA350*3 ATH, I suggest selling!
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?