BTC/USD will 2x by early April, Bull Trap, Believe it or don't
Updated
Bitcoin will hit 45k-50k at the end of Q1 or shortly after. It will then head significantly lower and retest current levels until the next "halving" occurs, after which it will move to a new ATH. Nobody will trade this move long from right here, all of you will buy in at 35k+, this is a bull trap but it doesn't have to be. Buy now, take your 2x profits, sell at 45k, rebuy again at ~23-25k. FYI I used bitcoin for this chart, but there is a significant likelihood that altcoins follow suit. The altcoin marketcap, at least, is set up for something similar, but some meme coins might yield considerable gains during this time while others may not and I don't feel like playing the guessing game.
The following indicators/tools are used on this post:
1. In grey, the fractal from the last cycle (weekly candles used).
2. 30 DMA and 90 DMA.
3. Red circle drawn showing current move in current cycle vs. corresponding move in last cycle fractal.
No two fractals are going to be exact, but if you don't see the analogous structure, I'm sorry I can't help you.
The following indicators/tools are used on this post:
1. In grey, the fractal from the last cycle (weekly candles used).
2. 30 DMA and 90 DMA.
3. Red circle drawn showing current move in current cycle vs. corresponding move in last cycle fractal.
No two fractals are going to be exact, but if you don't see the analogous structure, I'm sorry I can't help you.
Note
Worth noting and should have been included in the previous post:1) from the position we are in, last cycle traded sideways at these levels before tagging the 30 DMA and then making its anticipated move higher. Expect the same or similar. Break/close below the 30 and I would consider this idea invalidated.
2) the current sideways trend was, if I recall, 28 days last cycle. We aren’t there yet. Give this one another 1-2 weeks to get the timing similar which should correspond with touching the 30 DMA, that will be the moment of truth.
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