The hunt for BTC bottom

Updated

This is a daily view of an alternative path that reflects a green path near $32666 to $36666, followed by a downtrend to near the $19666 zone. This is in addition to the blue & pink lines reflecting a bottom near the $14666 to $17666 zones (around 2023-06-06 plus or minus 1-month).

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BTC repeating trend of 2022-07 & 2022-08 (possible double bottom or "longer flatter bottom", before the steady rise to the estimated peak of 2025-01):

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

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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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still in play

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still in play

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BTC is taking the green channel for months.

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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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It's still in the green dotted line trend. This was meant to expired around 2023-12-31. Then after the Q1 estimated 7 day flash crash (see comment directly above this line; sometime between 2024-01-01 to 2024-04-04), I expect to increase. It may experience a -20% to -50% flash crash, then increase. This is expected to be in 2024 Q1, so this idea (BTC taking the green dotted line channel) will expire on 2023-12-31

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still on target

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

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what a repeat of the 2020 Q1 crash may look like if in Q1 2024:
(click chart to play)

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1-week
enhanced (black & white) what a repeat of the 2020 Q1 crash may:
(Click Chart to Play)

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Expected to increase before or on 2023-02-03:
(based off of historical data)

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bottom should complete in the next 9.99 to 19.99 days (66.6 days before halving based off of past data). unless: there is a black swan effect from the 2024 spring offensive. also, using this idea (aka magik box) the increase should occur in the next 15 days as well (as displayed in the Jan 3 update above this comment).

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4h may reach bottom between 2024-02-01 and 2024-02-11:
(click to play)

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BTC 4h may reach bottom between 2024-02-01 and 2024-02-11
(click to play)

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2h
(click to play)

BTC 2h $40156 to $43345 with a close eye on $36963

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DCA limit buy $39866.60 (target next 30 days)
$42166.60 and $41266.60 are close also.

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4h DCA entry $39866.60
(click to play)

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recent DCA peaks: 2023-12-08 ; 2024-01-01; 2024-01-08; 2024-01-30; & 2024-02-07

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The 8th (increase) to 12th (decrease) of 2024-01.
Now the 8th (increase) to 12th (decrease) of 2024-02 'may' repeat.
However, I expect that the 12th 'can' be the next bottom's end.

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1W BTC DCA Analysis with Price Labels:
Next Possible DCA Target: near 2024-02-12
(click to play)

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to $81888 and $91999
(click to play)

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1h-chart, next 15 hours:

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$150000 to $250000 is still very possible for 2025

day0

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