BitcoinLong
XBTUSD 1D Record breaking day Sun, Mon..
Good Morning Traders,
I originally posted this idea last week and it seems like it followed almost exactly as I had analyzed based on acceleration and duration. It wasn't a wild guess, it was based on the acceleration of previous bull runs, the duration of the previous bull runs, and dips in previous runs. The previous run up to the ATH was at 4% / day! When we reach new ATH, the acceleration has to be parabolic and at a faster rate. This is just the nature of these parabolic runs. We also know that in the parabolic runs, as you get closer to the top, the timeframe shortens. Based on that, we don't have a choice, BTC has to reach over 4% per day and no longer than than the previous duration. That puts bitcoin at 90+k within 14 days.
We could go as low as 53k, but afterwards we are looking at one of the largest single day or two-day gains in Bitcoin. In my previous chart, I had the blue bars indicating the likely run-up to the next peak, however I strongly see that in order to maintain the parabolic nature of the run ups, we could be looking at the yellow bars. If Bitcoin were to follow the yellow bars going up to 90k in 2 weeks, this would be just following historical trends, nothing more, nothing out of the ordinary, and the ultimate top for this bull run would be near 130k. However, if Bitcoin follows the blue lines, that is a bit out of the ordinary and slower rise. That could mean a few of things:
1) We are lower at the foothills of this bull run and there is a much higher top far exceeding 130k
2) This bull run could be a much longer bull than previous bull runs. Previous bull runs would have ended already and started to retrace.
3) The bull run pattern has been broken with reaching a new ATH faster with Institutional buyers to 58k and therefor the new ATH will not be as high 130k, but somewhere north of 70k.
We don't need the next 2 weeks to tell us, in fact in half the day's we will know whether we are following historical patterns or if this is something new..
Note:
Due to unforeseeable events that may occur due to twitter , bitcoin news, SEC, Pandemic's, or other world events, don't hold to this chart. This is purely my analysis of what I think might play out. I've been right and I've been wrong, due your own due diligence. I'm not a professional trader, but someone trading in this space for several years. If you like my analysis or what I'm doing, give me a like.
I originally posted this idea last week and it seems like it followed almost exactly as I had analyzed based on acceleration and duration. It wasn't a wild guess, it was based on the acceleration of previous bull runs, the duration of the previous bull runs, and dips in previous runs. The previous run up to the ATH was at 4% / day! When we reach new ATH, the acceleration has to be parabolic and at a faster rate. This is just the nature of these parabolic runs. We also know that in the parabolic runs, as you get closer to the top, the timeframe shortens. Based on that, we don't have a choice, BTC has to reach over 4% per day and no longer than than the previous duration. That puts bitcoin at 90+k within 14 days.
We could go as low as 53k, but afterwards we are looking at one of the largest single day or two-day gains in Bitcoin. In my previous chart, I had the blue bars indicating the likely run-up to the next peak, however I strongly see that in order to maintain the parabolic nature of the run ups, we could be looking at the yellow bars. If Bitcoin were to follow the yellow bars going up to 90k in 2 weeks, this would be just following historical trends, nothing more, nothing out of the ordinary, and the ultimate top for this bull run would be near 130k. However, if Bitcoin follows the blue lines, that is a bit out of the ordinary and slower rise. That could mean a few of things:
1) We are lower at the foothills of this bull run and there is a much higher top far exceeding 130k
2) This bull run could be a much longer bull than previous bull runs. Previous bull runs would have ended already and started to retrace.
3) The bull run pattern has been broken with reaching a new ATH faster with Institutional buyers to 58k and therefor the new ATH will not be as high 130k, but somewhere north of 70k.
We don't need the next 2 weeks to tell us, in fact in half the day's we will know whether we are following historical patterns or if this is something new..
Note:
Due to unforeseeable events that may occur due to twitter , bitcoin news, SEC, Pandemic's, or other world events, don't hold to this chart. This is purely my analysis of what I think might play out. I've been right and I've been wrong, due your own due diligence. I'm not a professional trader, but someone trading in this space for several years. If you like my analysis or what I'm doing, give me a like.
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