BTC repeating 2022-07 & 2022-08 trend for possible confirmation

Updated

BTC is repeating the 2022-07 & 2022-08 trend for a possible double-bottom confirmation with the additional historical data by 2023-06-06.

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If I may explain this one a little differently. This is the phase where we collect more historical data to see if the bottom is over for this cycle. Why collect more data now? I can see the very similar pattern as we all saw on the 2022-07 & 2022-08 historical data set. Why do we need more historical data? It seems as if we can be so quick to judge this current repeating data set, because it's quite short; in terms of duration in time. By this I mean, we really need more historical data to confirm if this bottom is a single-bottom or a double-bottom or even a triple-bottom.

Based off of the current historical data available (at the time of this posting on 2023-02-19), we should have enough historical data in the data set by 2023-06-06.

If you want me to guess (which is unfair to do at this point with the very little historical data available today [2023-02-19] to measure the bottom in terms of data set confirmations):
My risky unfair (not enough data) estimate is: we may very likely see one more dip before 2023-06-06.

At this point in time you can try to set a strategy where you (hopefully) do not get left behind in value if it declines to $14666 or increases to $36666. Do a lot of research though on the strategy as sometimes I get left out of transactions with limit orders if it just drops or goes straight up too quickly over the price I have set (sometimes I get skipped on the order books).

The other thing to note is how a lot of players in this game have not made up their mind yet and different prices make people change their sentiment and mindset very quickly. We will have to see how comfortable the players feel with a $32666 to $36666 zone and maybe they will not like it so much and it ends up near $14666 zone. However, if they like the trend increase and hold, then it could be on the way to the $30666 zone soon. Just moving from $20666 to $30666 will make a lot of people change their mind and give a new valuation of it all (more data to confirm if the bottom is in for this cycle).

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BTC may stop declining before 2023-12.
BTC weekly 2022-03 to 2023-08
BTC weekly chart from 2022-03 to 2023-08 reflects a $36666.66 to $15666.66 zone for 2023-04 (see green dashed-line). However, the strongest resistance zones, based off of today's historical data (on 2023-02-28), reflect a $32666.66 to $15666.66 zone for 2023-08-28 (see pink dashed-line).

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2-hour

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1-hour

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1-hour

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1-hour (indicators reflect: sell)

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3-hour (BTC may decrease around 11 to 19 days from today)

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2023-06-06 is approaching (more historical data for additional confirmation)

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original Bitcoin compared to BTC is growing in variance over the past 30 days

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It looks like there could be a downtrend soon; a possible short term entry.

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3-month

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News: "Economist Harry Dent Expects Biggest Crash in Our Lifetime"
" Bitcoin may go down more like 95%, 96%. Dent expects the crypto market may crash alongside stocks, with BTC falling up to 95%-96% from its November 2021 high. "

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$20000 to $21000 within 33 days is possible:

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$26111.00 by 2023-04-29 06:00 UTC-4

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below 25500 after 2023-05-11

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2h with 1h top indicator

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Getting closer to the next larger drop.

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3-month with red bottom zone:

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Check out this idea by Tolberti that I agree with:

Bitcoin - Proof that we are in the bear market!

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2023-06-06 decrease as predicted

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BTC $21700 by 2023-08-30 to 2023-10-31

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1D (1D top indicator)

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There is a very high probability that BTC will decrease significantly from 2023-8-15 to 2024-01-15. Especially in 2023-12. recession prediction = 2024-01

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recession prediction = 2024-01

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(click chart to play)
1W 2022-12 to 2024-02:

day0

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