A Little Observation
Halving 2016
1.purple horizontal line= 2months before the halving price started to shift up
2. blue line = halving day
3.blue column = it needs 524 days for the price started grinding up from halving day to the top (2700% up)
4.red column = it takes 365 days for price to corrects from around 20k top to 3.2k bottom (84% down)
5.green column = price started to bounce from the bottom to around 14k (350% up in 202days) than price started to correct again plus the covid crash completed the broadening wedge pattern
All of this happened in 1400days started from 9july2016 to 11may 2020 (halving day)
Halving 2020
1. purple line = 2months before halving
2. blue line = halving day
3. blue column = it needs 547 days for the price started grinding up from halving day to the top (610%)
4. red column = if it takes 365 days again to corrects than we will get to the bottom around 6november 2022 (hopefully we go down lil bit more to 10k to complete the falling wedge pattern)
5.green column = i hope price bounce 350% again to around 35k in 202days than started to correct again depending what pattern it will print in the future
All of this could happen in 1444 days (26april 2024 will be the next halving day)
IF HISTORY DOES NOT REPEAT I JUST HOPE IT WILL RHYMES..... Cheers ))
1.purple horizontal line= 2months before the halving price started to shift up
2. blue line = halving day
3.blue column = it needs 524 days for the price started grinding up from halving day to the top (2700% up)
4.red column = it takes 365 days for price to corrects from around 20k top to 3.2k bottom (84% down)
5.green column = price started to bounce from the bottom to around 14k (350% up in 202days) than price started to correct again plus the covid crash completed the broadening wedge pattern
All of this happened in 1400days started from 9july2016 to 11may 2020 (halving day)
Halving 2020
1. purple line = 2months before halving
2. blue line = halving day
3. blue column = it needs 547 days for the price started grinding up from halving day to the top (610%)
4. red column = if it takes 365 days again to corrects than we will get to the bottom around 6november 2022 (hopefully we go down lil bit more to 10k to complete the falling wedge pattern)
5.green column = i hope price bounce 350% again to around 35k in 202days than started to correct again depending what pattern it will print in the future
All of this could happen in 1444 days (26april 2024 will be the next halving day)
IF HISTORY DOES NOT REPEAT I JUST HOPE IT WILL RHYMES..... Cheers ))
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