Cycle Bottom July 2022 ( 45k )
Every Cycle the price has bottomed at the 0.382 Fib ,so if history repeats that would put this cycle bottom at 45924.
By following the current trend and by using the resistance line from the last two cycle peaks we get a potential timeframe for this cycle peak which would put it sometime late July to mid August.
Also we get the price of 223000 , so what's interesting is that a 80% retrace from that point lands right on the bottom of this support line dating back to 2015 and down to the 0.382 Fib which also hits on this Fib Time zone on July 2022.
By following the current trend and by using the resistance line from the last two cycle peaks we get a potential timeframe for this cycle peak which would put it sometime late July to mid August.
Also we get the price of 223000 , so what's interesting is that a 80% retrace from that point lands right on the bottom of this support line dating back to 2015 and down to the 0.382 Fib which also hits on this Fib Time zone on July 2022.
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