Bitcoin / EuroLong
BTCEUR - Pre Halving lookahead potential
Updated
This chart is for my records and should not be considered financial advice by any readers.
The prediction is solely based on Fibonacci (% values) plotted over the 2016- 2020 cycle.
For each period Hi to Lo the return to 0.23 is common.
Coming to the 2020 halving cycle close , I am predicting in or about €6,620 ish as a lo mean value post halving for the 2016/20 cycle.
The trend was upward for the 1st 18mths followed by 30 mths of down trend for the 2016-20 cycle.
The prediction is solely based on Fibonacci (% values) plotted over the 2016- 2020 cycle.
For each period Hi to Lo the return to 0.23 is common.
Coming to the 2020 halving cycle close , I am predicting in or about €6,620 ish as a lo mean value post halving for the 2016/20 cycle.
The trend was upward for the 1st 18mths followed by 30 mths of down trend for the 2016-20 cycle.
Note
This triangle pattern played out exactly as expected. It broke out of the triangle to the upside amd kept going north. the key take away and learning here is ,
18mth rising wedge, saw almost exponential growth followed by a very elongated 30 mths of downside before commencing it attempt to recommence positive momentum.
The life cycle between halvings is 48 mths,
the period from the 2012 cycle peak to the 2016 cycle peak was 48 mths,
the preiod between cycle lows for both mentioned cycles was 48 mths.
Will we see a repeat in the 2020 cycle peak ?
this is my observation and not financial advice. For my records
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