January 10th 2022 Cycle Top 150-190k
Updated
I was going to wait till after today to publish this but what I found cannot wait. If today's May 31st Fib Time zone confirms then we can go ahead and look at the next fib date in line which is January 10th 2022 and what I just realized is for the first time I get an overlap of Fib time dates.
First Fib Time Zones dates (Orange lines )
So the First Fib time zone date is one on a macro scale of bitcoin starting November 2011 , I picked this start point because it's the start of the Genesis line(ibb.co/HTSKWS9) and the bottom of the log growth. The second point would be the top of 2013 cycle , once we place these two points we get the rest of the dates :
0 - 14th November 2011
1 - 25th November 2013
2 - 07th December 2015
3 - 18th December 2017
5 - 10th January 2022
So you can see that Fib Date 2 and 3 were pretty important , not so much 2 but date 3 called the top of the 2017 run.
Second Fib Time dates (White Lines)
These Fib time zone dates are on a micro scale. I have posted about these Fib Time zone dates for weeks in previous TAs which I link down below. If we do see a shift in momentum today then these Fib time zone dates are valid and the next shift in momentum would be January 10th 2022!
So what we have is a overlap, a overlap of a micro and macro scale this is something that I have never come across , these are the Fib time zone dates :
0 - 09 March 2020 (Covid crash)
1 - 19 October 2021
2 - 31 May 2021
3 - 10 January 2022
First point would be the bottom of the covid crash and second point would be 19th October 2021 , I picked this date because there was a massive momentum shift that date , I believe the parabolic run started on this date.
The Top
So if we hit the top of the log growth band on that date bitcoin would be 150k if we overshoot to the Genesis line (Red Line) that would put Bitcoin at 190k. I have gone over the idea that Bitcoin will not break this line and it will act as resistance like it did in June 2019 at 14k.
Bitcoin will most likely overshoot this low growth band like it did the last two tops , how much will it overshoot I don't know but the genesis line comes in at 190k, So a possible scenario would be that bitcoin tops at around 170k and closes that week at 150k.
I will include below under related ideas all TAs that are linked with this conclusion. There is no other way I can put it. This is the top.
Who’s Shorting? :)
First Fib Time Zones dates (Orange lines )
So the First Fib time zone date is one on a macro scale of bitcoin starting November 2011 , I picked this start point because it's the start of the Genesis line(ibb.co/HTSKWS9) and the bottom of the log growth. The second point would be the top of 2013 cycle , once we place these two points we get the rest of the dates :
0 - 14th November 2011
1 - 25th November 2013
2 - 07th December 2015
3 - 18th December 2017
5 - 10th January 2022
So you can see that Fib Date 2 and 3 were pretty important , not so much 2 but date 3 called the top of the 2017 run.
Second Fib Time dates (White Lines)
These Fib time zone dates are on a micro scale. I have posted about these Fib Time zone dates for weeks in previous TAs which I link down below. If we do see a shift in momentum today then these Fib time zone dates are valid and the next shift in momentum would be January 10th 2022!
So what we have is a overlap, a overlap of a micro and macro scale this is something that I have never come across , these are the Fib time zone dates :
0 - 09 March 2020 (Covid crash)
1 - 19 October 2021
2 - 31 May 2021
3 - 10 January 2022
First point would be the bottom of the covid crash and second point would be 19th October 2021 , I picked this date because there was a massive momentum shift that date , I believe the parabolic run started on this date.
The Top
So if we hit the top of the log growth band on that date bitcoin would be 150k if we overshoot to the Genesis line (Red Line) that would put Bitcoin at 190k. I have gone over the idea that Bitcoin will not break this line and it will act as resistance like it did in June 2019 at 14k.
Bitcoin will most likely overshoot this low growth band like it did the last two tops , how much will it overshoot I don't know but the genesis line comes in at 190k, So a possible scenario would be that bitcoin tops at around 170k and closes that week at 150k.
I will include below under related ideas all TAs that are linked with this conclusion. There is no other way I can put it. This is the top.
Who’s Shorting? :)
Note
That's a 9.86% green candle on the daily for bitcoin!
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