The Bitcoin Price in the Long Run (Part 2 - Fibonacci Ratios Everywhere!)
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The Bitcoin Price in the Long Run (Part 2 - Fibonacci Ratios Everywhere!) The Bitcoin price in the long-term bitcoin price chart. The Elliott Wave Principle (EWP) argues that markets are not driven by fundamentals or news, but instead by “social mood” – the collective psychology of all market participants. EWP practitioners have found that each price chart tends to have its own ‘personality” - with each market tending toward certain Fibonacc ratios.