BitcoinLong
Bitcoin follow the rules of Mathematical, please read...
Bitcoin is completing its first cycle, look at the chart please
from 2009 until now bitcoin is completing first cycle but It's not over yet because last drop Remained.
...........................................................
According to Elliott's theory, a complete cycle consists of five ascending waves and three descending waves.
ascending waves complete but second bottom remain that we can say the cycle finish.
bottom 2 should be lower than bottom 1,so 3850 isn't bottom 2.
............................................................
part 1 :
the price may reach 7960$(0.68 fib) and after that start to drop
19500 / 6.17 = 3160$ (first bottom was 3122$)
If we consider 13900$ as a starting point for second price correction :
13900 / 6.17 or 7.86 = 2252$ or 1768$ (second bottom)
...........................................................
part 2 :
Bitcoin Incredibly follow the rules of Mathematical and numbers.
pay attention to this numbers : 128 - 256 - 512
from 2009 - 2012 : (3 years)
0.054 * 256 = 13.824$ (first high was 13.7$)
13.824 / 6.17 = 2.24$ (first low was 2.22$)
from 2012 - 2015 :
2.24 * 512 = 1147$ (second high was 1163$)
1147 / 7.6 = 150$ (second low was 152$)
from 2015 - 2018 :
150 * 128 = 19200$ (third high was 19600$)
19200 / 6.17 = 3112$ (third low was 3122$)
from 2018 - 2020 :
price correction
The first cycle is complete in this year and begin second cycle.
..................................................................
part 3 :
As you know the history like repeat itself So maybe we can predict the future of bitcoin's price :
from 2020 - 2023 :
1768 * 256 = 452608$
452608 / 6.17 = 73356$
................................................................
I'm appreciate for reading.
from 2009 until now bitcoin is completing first cycle but It's not over yet because last drop Remained.
...........................................................
According to Elliott's theory, a complete cycle consists of five ascending waves and three descending waves.
ascending waves complete but second bottom remain that we can say the cycle finish.
bottom 2 should be lower than bottom 1,so 3850 isn't bottom 2.
............................................................
part 1 :
the price may reach 7960$(0.68 fib) and after that start to drop
19500 / 6.17 = 3160$ (first bottom was 3122$)
If we consider 13900$ as a starting point for second price correction :
13900 / 6.17 or 7.86 = 2252$ or 1768$ (second bottom)
...........................................................
part 2 :
Bitcoin Incredibly follow the rules of Mathematical and numbers.
pay attention to this numbers : 128 - 256 - 512
from 2009 - 2012 : (3 years)
0.054 * 256 = 13.824$ (first high was 13.7$)
13.824 / 6.17 = 2.24$ (first low was 2.22$)
from 2012 - 2015 :
2.24 * 512 = 1147$ (second high was 1163$)
1147 / 7.6 = 150$ (second low was 152$)
from 2015 - 2018 :
150 * 128 = 19200$ (third high was 19600$)
19200 / 6.17 = 3112$ (third low was 3122$)
from 2018 - 2020 :
price correction
The first cycle is complete in this year and begin second cycle.
..................................................................
part 3 :
As you know the history like repeat itself So maybe we can predict the future of bitcoin's price :
from 2020 - 2023 :
1768 * 256 = 452608$
452608 / 6.17 = 73356$
................................................................
I'm appreciate for reading.
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