37k & liftoff
Updated
Traditional markets taking a dive since the Fed spooked them with tapering. BTC decided to follow per usual. This idea here is based on my "Holy Grail" where each cycle touches a distinct point exactly in the middle (log based 0.5 fib) which, by definition, points to a 1.0 fib that's much higher (250k). When the market reversed in July, I thought "maybe it was close enough (4% off) & we'll see the parabolic moment begin.
It sure looked like that, and nothing is off the table. In the event that we see this 0.5 fib touch (which is around 25-27k based on my predictive 1.5 fib), we may see this in the form of a pennant such as we did in 2017 on the way up. Before that, however, I find it interesting that we have a sort-of "Running Flat" ABC wave forming similarly. This would put us at 37k before retracing to the 0.786 or so (alt season anyone?!).
Who knows if this is how it plays out. Who knows if it reverses here & goes parabolic. Who knows if it goes to 10k. All I'm saying is that if you look at my last video which I will link in related ideas, there's something going on that seems "programmed". I can say with 99.99% certainty that we won't see below 25k & if there's ever a time to get into the market, now is definitely not a bad time considering where all things point to (minimum 140k). Who knows when, though...
See "Holy grail" for a text description and see "200k-265k Cycle Top" for a full description (20minutes)
It sure looked like that, and nothing is off the table. In the event that we see this 0.5 fib touch (which is around 25-27k based on my predictive 1.5 fib), we may see this in the form of a pennant such as we did in 2017 on the way up. Before that, however, I find it interesting that we have a sort-of "Running Flat" ABC wave forming similarly. This would put us at 37k before retracing to the 0.786 or so (alt season anyone?!).
Who knows if this is how it plays out. Who knows if it reverses here & goes parabolic. Who knows if it goes to 10k. All I'm saying is that if you look at my last video which I will link in related ideas, there's something going on that seems "programmed". I can say with 99.99% certainty that we won't see below 25k & if there's ever a time to get into the market, now is definitely not a bad time considering where all things point to (minimum 140k). Who knows when, though...
See "Holy grail" for a text description and see "200k-265k Cycle Top" for a full description (20minutes)
Note
Do or die.
Related publications
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.