Cycle repetition - Greed and Fear index
Updated
Despite all the market decline and market negativity, my prediction of the next movement still bullish until we reach $80,000$.
Reasons for this market lecture :
I expect that the market will enter a short term accumulation. This accumulation will make the Greed index reaches 20 to 25. Then it will target $80,000.
Reasons for this market lecture :
- Greed and fear index is repeating the same cycle as 2021 bull market.
- Accumulation pattern : as explained before , bitcoin is in bullish flag pattern which is the most bullish pattern in technical analysis world.
- False breakout of the bullish flag pattern : this is one of the extremly bullish reversal signals.
I expect that the market will enter a short term accumulation. This accumulation will make the Greed index reaches 20 to 25. Then it will target $80,000.
Note
As explained before , market is now formin a double bottom resetting the greed and fear index to 25.
Main target will be 80k.
Note
Greed and fear index is now reseting to 20~25 as explained in the chart. The market will aim upside from now.Note
As predicted , greed and fear index triggered the fear level at 24. Now it's aiming to extreme greed level around 90.
Trade closed: target reached
Target reached.
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