BTC.USD
You are looking at the full price cycle of Bitcoin at three different times
Each cycle took three years to complete
Within this cycle we have a spike and a trading range and a downtrend
In the third cycle, the price enters the trading range after Spike, we should expect another Spike to form and then the price will enter a downward trend.
At the bottom of the cycle we have examined gold versus bitcoin
Gold also entered the trading range after Spike. We should expect the price to enter a downward trend. If gold falls, Bitcoin will also enter the last Spike.
So we have to conclude that the bitcoin uptrend is not over and we should expect it to see the $ 100,000 range.
1(gold)
If you look closely at the market cycle, the price has been on the upward trend since 2009 until the end of 2011, so in the first cycle, we had an upward trend for three years.
From 2013 to 2014, the price entered the trading range, so in the second cycle, the trading range formed after the ascending channel. In the third cycle, the price entered the downward trend from 2014 to 2016. This cycle ends.
Start a new cycle
The price has been moving in an upward channel from 2018 to 2021 for 3 years as in the past
The price has been moving in the trading range for almost a year now
Price always remembers its past
Professional investors see this cycle and know that prices must enter a downward trend for two years.
But this year the situation is a little different
The war between Russia and Ukraine has pushed investors into low-risk assets
Oil prices have reached their peak
The price of food, including wheat, has reached its highest price
If the war between Russia and Ukraine ends and they reach an agreement, gold should be expected to enter a downward trend for two years.
PLEASE LIKE AND COMMENT
Each cycle took three years to complete
Within this cycle we have a spike and a trading range and a downtrend
In the third cycle, the price enters the trading range after Spike, we should expect another Spike to form and then the price will enter a downward trend.
At the bottom of the cycle we have examined gold versus bitcoin
Gold also entered the trading range after Spike. We should expect the price to enter a downward trend. If gold falls, Bitcoin will also enter the last Spike.
So we have to conclude that the bitcoin uptrend is not over and we should expect it to see the $ 100,000 range.
1(gold)
If you look closely at the market cycle, the price has been on the upward trend since 2009 until the end of 2011, so in the first cycle, we had an upward trend for three years.
From 2013 to 2014, the price entered the trading range, so in the second cycle, the trading range formed after the ascending channel. In the third cycle, the price entered the downward trend from 2014 to 2016. This cycle ends.
Start a new cycle
The price has been moving in an upward channel from 2018 to 2021 for 3 years as in the past
The price has been moving in the trading range for almost a year now
Price always remembers its past
Professional investors see this cycle and know that prices must enter a downward trend for two years.
But this year the situation is a little different
The war between Russia and Ukraine has pushed investors into low-risk assets
Oil prices have reached their peak
The price of food, including wheat, has reached its highest price
If the war between Russia and Ukraine ends and they reach an agreement, gold should be expected to enter a downward trend for two years.
PLEASE LIKE AND COMMENT
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.