I will not call the BTC
Based on your past cycles and also thinking a little about your total market value.
Today at 50k $ per bitcoin, we have a total market value that is worth 1 trillion dollars.
And what is my view based on previous cycles
This analysis is just thinking about your parabolic arc pattern. After the conclusion of the parabola we have a retraction of 80% or more as we saw in the previous times.
But thinking about bitcoin completing its parable now we won't see a reaction as strong as in the past.
That's because in the quantmodels that we see on the fintwitter and others.
We see 2 trillion marketcap models.
Notice the first top formed at $ 30.93
the distance from the top to the bottom generated after the parabola was broken was 414%.
And that movement was repeated again in 2018 when we had an 83% drop from $ 19800
to $ 3200 per bitcoin.
The distance from the top to the bottom was 172% and the trend is getting smaller and smaller. Until bitcoin becomes a low volatility asset.
This could happen when bitcoin is worth over $ 1,000,000
Dont follow this a financial advice.
Today at 50k $ per bitcoin, we have a total market value that is worth 1 trillion dollars.
And what is my view based on previous cycles
This analysis is just thinking about your parabolic arc pattern. After the conclusion of the parabola we have a retraction of 80% or more as we saw in the previous times.
But thinking about bitcoin completing its parable now we won't see a reaction as strong as in the past.
That's because in the quantmodels that we see on the fintwitter and others.
We see 2 trillion marketcap models.
Notice the first top formed at $ 30.93
the distance from the top to the bottom generated after the parabola was broken was 414%.
And that movement was repeated again in 2018 when we had an 83% drop from $ 19800
to $ 3200 per bitcoin.
The distance from the top to the bottom was 172% and the trend is getting smaller and smaller. Until bitcoin becomes a low volatility asset.
This could happen when bitcoin is worth over $ 1,000,000
Dont follow this a financial advice.
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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.
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.