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Extrapolating previous cycle price action to predict the futureUsing the Indicator: 4-Year Cycles Cycle Analysis: Cycle 1 to Cycle 2 Changes: ATH increased from $1,160 to $19,676 (16.96x increase) Gain percentage dropped from 52,287.39% to 12,804.2% Loss percentage slightly improved from 86.9% to 83.11% Cycle 2 to Cycle 3 Changes: ATH increased from $19,676 to $68,979 (3.51x increase) Gain percentage dramatically dropped from 12,804.2% to 1,976.94% Loss percentage improved from 83.11% to 75.93% Projection for Cycle 4: Based on the observed pattern of diminishing returns and the logarithmic nature of Bitcoin's growth: Projected ATH: $242,000 to $275,000 (Calculated by applying the observed ATH increase factors) Projected Gain: Approximately 800-1200% (Continuing the trend of diminishing percentage gains) Projected Loss: Around 70-75% (Following the gradual improvement in loss mitigation) Each cycle shows a pattern of: Reduced percentage gains Slightly improved loss recovery Continued exponential growth in absolute ATH price ATH Calculation: Cycle 1 to Cycle 2 growth multiplier: $1,160 → $19,676 = 16.96x Cycle 2 to Cycle 3 growth multiplier: $19,676 → $68,979 = 3.51x Observed Growth Multiplier Trend: Cycle 1 to 2: 16.96x Cycle 2 to 3: 3.51x Projection Approach: Lower Bound Calculation: Previous ATH: $68,979 Multiplier: 3.51 (conservative) Lower target: $68,979 × 3.51 = $242,000 Upper Bound Calculation: Previous ATH: $68,979 Multiplier: 4.0 (slightly more optimistic) Upper target: $68,979 × 4.0 = $275,91 Gain Percentage Calculation: Cycle 1: 52,287.39% Cycle 2: 12,804.2% Cycle 3: 1,976.94% Observed Decline Pattern: Cycle 1 to 2: ~75% reduction in gain percentage Cycle 2 to 3: ~84% reduction in gain percentage Projected Gain Range: Lower bound: 600-800% Upper bound: 1000-1200% Loss Percentage Trend: Cycle 1: 86.9% Cycle 2: 83.11% Cycle 3: 75.93% Projected Loss: 70-75% (continuing the gradual improvement) Methodology Notes: Used geometric progression with decreasing multipliers Considered logarithmic growth pattern Accounted for diminishing returns observed in previous cycles Disclaimer: Ultimately, these projections are mathematical extrapolations based on historical data and should not be considered definitive predictions. Cryptocurrency markets are highly volatile and unpredictable. This projection is based on historical patterns and should not be considered financial advice. Always conduct your own research and consult financial professionals before making investment decisions.
BITSTAMP:BTCUSDLong
by jpkxyz
BTC | BITCOIN ATH | ALTSEASON A comprehensive analysis today on my take regarding Bitcoin , BTC All time High, and for how long we can still expect to see altseason. When I say altseason, what I am referring to is hard pumps and large increases, scattered across the altcoin market. In the previous BTC update, I considered an ATH between 99k and 105k. More on that here : Today's main "concern" is really whether or not the alt-rallies are finished - and I say, not yet . ___________________ BINANCE:BTCUSD CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
Long
by CryptoCheck-
Is ~Bitcoin about to repeat the 2021 Double Top pattern ?If you have been following my posts, you will know that I am a firm believer that we are following the 2013 - 2017 ATH Fractal. Only problem is, The 2017 Top was NOT a Double Top. But if we look at the fractal closely, we can see how this could happen and I will do this in another post shortly. For now, there are other pointers to suggest we maybe about to repeat that sequence from 2021. Lets start with this chart I am using the 2nd ATH in 2021 as THE ATH for a number of reasons, as explained in other posts, But also because it simply WAS the highest ATH that year and was approx the same number of days between ATH as the 2013 - 2017 cycle. That same day count takes us to September 2025, a projected ATH date range from a number of alternative charts. If we assume we see a March 2025 High, the same number of days between the 2021 ATH's, applied to March 2025, also takes us to September 2025. Some are saying we will see an ATH in December 2024 and that day count puts us in Mid summer and, to be honest, I do not see this now, given how overheated PA is. But anything can happen in Bitcoin. This date range on the rising Trend line off ATH's, also takes us to the Expected price range of 100K - 130K ----for now........ ** Note - Assumptions in trading are NOT recommended but we are just projecting here..NOT applying trades to that assumption. Next we have the NUPL ( Net unrealised Profit Loss ) The Vertical dashed lines are the ATH dates. And while the 2021 March ATH shows us a higher NUPL, this is where most profit taking was, as most assumed ( see above ) The real ATH was later and as most has already taken profit, people were trapped by Nov, but this is a different story.. What I want you to see is that we have not reached the upper line of Euphoria, that we are now in. There could be more to come... The TOP seems to be Signalled when PA Preaches this upper line, even if a ATH can be reached after, as in late 2021 Next, we have SOPR - (Spent Output Profit Ratio) Simply put, when people SELL and take profit Again, vertical dashed lines are previsou ATH in 2017 and 2021 First thing to notice here is how Profit taking happens BEFORE the ATH usually. See how the graph Drops to the ATH line. Also not the Red Diamonds above..they are Warning of Bearish intent. While we have seen a spike in selling recently, we are reciveing BULLISH intent warnings ( green diamond bottom of chart ). This appeared After that Red diamond above and so is a more recent signal. The spike in selling in early 2023 was people taking quick profit after 2 years oif Bearish moves. BUT it must be noted that the way this profit taking has constantly changed makes it VERY hard to read accurtaly as a method of judgement. There is no real pattern Which brings us to the final indicator. The ADX and DI - The Trend Strength and Price direction I find this fascinating. VERY IMPORTANT to remember that ADX ( Yellow ) does NOT show Trend Direction It only shows trend Strength and you can see that we have just begun turning around from a Drop in trend Strength. This Drop began in early 2024, around March, when we began months of ranging. The recent push higher seems to be reflected in ADX rising also, showing an increasing Trend strength. BUT will it last ? You can see from the chart, we are on a line of resistance now...We need to break through that. The Orange line is the DI + and the Red is DI - and not surprisingly show Price direction. This, combined with the ADX gives us ideas of true trend strength and ability. For now. DI+ has turned to Drop and reflects the action recently But the DI - has yet to turn higher to meet it, indicating a possibility that Real Negative orice action may not occur just yet. But we need to watch this closely. So, in summery, for me, We are Still getting ready to move higher, we may well range for a while before hand and a December ATH, while possible, is not the best thing to hope for. The final ATH of the cycle could be in September or around there, after an early Sopring push to a new high And it is important to understand, things can change very quickly in Bitcoin and we need to be ready ALWAYS so I am offering ideas only.. Stay safe and may your God, Gods, Godess or Godesses forever Keep your socks Dry
INDEX:BTCUSD
by Orriginal
Here is why we may see 1Million per BTC this time next yearI have been posting about this 2013 to 2017 ATH Fractal for about 2 years now and it is Still following on very Nicely. PA fell below in 2022 due to the pressure from the {Pressure on Crypto from the USA and the following Collapse of LUNA and then FTX But PA caught back on in Jan 2023 and we have pretty well been on the fractal since then. There are a number of other supporting points that back this all up, including the Similar Monthly Candle close colours from previous years We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th. To me, this backs up the idea that PA is following the 2013 - 2017 Fractal. 2015 August -30% Sep +18% Oct +41% 2016 August -26% Sep +14% Oct +24% 2023 August -16% Sep +14% Oct +37% 2024 August -23% Sep +30% Oct +30% It has to be said, this years Growth does outshine the previous years mentioned due to ETF and sustained positivitey. If we zoom in to see the PA from Nov 2021 to now, we can see in more detail how this has worked out. AND, if this continues as it has since Nov 2021, we could be seeing a near $1Million BTC by around Nov 2025 Hang on, this could get VERY interesting
CRYPTO:BTCUSD
by Orriginal
Why I believe the Real BTC ATH is this time next yearLots of evidence points towards current PA following the 2013 - 2017 Fractal including Aug, Sep, Oct Monthly Candle close colours for 2023 and 2024. identical to those of 2015 and 2016 - as has been posted here on TV Also as can be seen on chart, the day count between ATH's The 1st ATH in March 2021 was NOT the real one and was a result of Sudden publicity and FOMO. The same may happen again this time round. Look at the ATH dates, November or December But one of the biggest reasons is a technical issue called "OverBought" The recent push up and possibly the continued push WILL require PA to reset at some point and the push high from Jan 2023 to the ATH in March this year ( which is NOT the end of a bull run ATH ) required PA to reset for MONTHS, in fact, it took from March 2024 to Oct 2024 before MACD has reset enough to be able to make a new move. 8 Months We are VERY likely to do the same We also have the day count between Halving and ATH to take into account. and this works out too.. Final ATH in Autumn / Winter 2025 There is so much more involved in this too that I will not explain here. You have seen my previous charts, you will know. HOWEVER, Real world events are making a huge difference and with the arrival of new Ethics concerning Crypto worldwide, things may change. But for now, I continue with the 2013 to 2017 ATH fractal....It works, it fits Look at the chart Look at the numbers
CRYPTO:BTCUSD
by Orriginal
BTC - TARGET REACHED | REPLAY from OCT 2023 - NOWIt is with GREAT pleasure that I say, cheers to you and all the bulls that didn't believe the ATH was in after 74k in March! Although it may seem like I've been a perma-bull, there's been short-term bearish updates throughout the year - let's walk through it and see for yourself! I will say this, there was a moment when I thought it might happen sooner, but generally I did repeatedly say I plan for the new ATH during December. Close enough! It is incredibly rewarding to see the entire process playout as I speculated - based off of facts and many hours of analysis and charting since 2017. It all contributed, and makes a world of a difference. I need some time to plan the next move from here, it will take some time to observe the top out - so keep following! ________________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
3
BTC | Price CELEBRATES Trump VictoryBitcoin has increased by 13% after Donald Trump has been declared the next President of the United States, beating rival candidate Kamala Harris. Over the past few months, Trump has claimed to be very open to cryptocurrency and this victory has done nothing short of pushing the price to a new ATH... and climbing! There are two ways in which we can calculate the net major stops; one I have been speaking about since MARCH. This target seems to be the likely next stop for BTC in the short to near term. Time will tell if the new POTUS will be kind or cruel to crypto - remember that time we all rooted for Garry Gensler...? About that... Let's hope this time will be different. If you want to know al little bit more about how ALTSEASON fits into this picture, check out the following idea: _________________________ BINANCE:BTCUSDT
BITSTAMP:BTCUSDLong
by CryptoCheck-
1
BITCOIN STILL following the 2013 - 2017 Fractel - the latest I do not really need to say to much, the image says it all. As I have been saying for over a year now, I strongly believe THIS is what we are doing..... This is the Current Bitcoin PA with the 2013 ATH to 2017 ATH Fractal overlaid and you can see for yourself, it pretty well matches. There were some things that pulled PA Lower, like LUNA and FTX issues but here we are, taking a retrace in the same month and almost, so far, to the same % Drop So, Here is the PA from 2013 - 2017 and we have zoomed into where I think we are now in the 2024 cycle. The Two White Arrows in the main chart show these points This is now August 2016 - we have seen a sharp -28% Drop, PA leveled out, recovered a little and then. in September, took off to head to the Next ATH - December saw a Spike to a high, a dip back and then off we went. And Exactly the same is expected currently, with many saying September is when we really start moving and December is possibly a new ATH. Fractels work until they do not...and we have been following this one since Nov 2021 - that is a remarkably long time. And if it paints a true picture of what is to come, 2025 will be truly EPIC with the Next final ATH of this cycle at around $1Million I find that hard to believe but, Hey, if it happens, I am not going to say No.........
CRYPTO:BTCUSD
by Orriginal
BTC monthly candle channel -updateNOTE - vertical lines are every January, so one year gaps. Bitcoin is now entering into its 6th month of a tight range. PA has never done this before, and nor in such a controlled manner. As a result, we are sitting mid way in the channel and this does point towards a dramatic rise, should we continue to follow the "Cycle". This points towards December that PA is expected to break out over the upper Trend line and then head towards a new ATH. This would loosely follow the previous occasions where PA rose over this line. The dates were November 2013, October/ November 2017 and January 2021. It is also worth noting how, on each occasion, PA has remained above the upper trend line Longer on each occasion, 11 months the last time. IF, this plays out, we are looking at a new ATH towards end of this year, Next year that will be Over 190K USDT Fingers Crossed
INDEX:BTCUSD
by Orriginal
BTCUSDT → a ATH for BTC is coming...hello guys! Chart Overview: - Resistance Levels: - Primary resistance at $73,612. - Secondary target at $77,604. Trend Analysis: - The chart indicates a bullish trend with a clear trajectory toward $77,604. - Bitcoin has broken out from a descending trendline, confirming the upward movement. Price Patterns: - There are two potential correction zones within the rising trend: 1. Around the $70,000 level. 2. Between $73,612 and $77,604. Bullish Trend Confirmation: - The rising trend is considered strong and likely to continue toward $77,604. - Minor corrections are expected, but the overall upward momentum is certain. Conclusion : - Bitcoin is on a bullish path with an expected rise to $77,604. - Corrections may occur, but the overall trend remains upward. ✎ Actionable Insights: - Long positions can be considered, targeting $77,604. - Watch for minor corrections at $70,000 and $73,612 as potential re-entry points. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
17
The BIGGEST difference between this Halving and Previous It is actually a HUGE difference too The First Halving was in Nov 2012 and 35 days later, PA began its rise to the ATH in 2013. From there, the next halving was in July 2016 and you will notice that PA Was currently Below the previous ATH level. PA begansd its rise to the next ATH around 80 days after Halving. The next halving was in May 2020 and once again, PA was BELOW the previous ATH level. PA began its push to the Next ATH around 70 days After Halving. The Next Halving has Just past on April 20 2024. Have you noticed what is so different this Time ? PA was up near the previous ATH level. That has never happened previously and only shows the extreme BULLISH sentiment. If we wait for the Average of previous Moves to the Next ATH after Halving, we shoudl see a move higher in Mid July. But I think we may wait a little Longer........But I could be wrong. There are Many things that make this market different this time and I think some people are making mistakes to expect a similar Action to previous...... International Corporations are now involved...................... Lets see what happens but I am fairly sure, we Will see Manipulation and New ATH's Trade Safe My friends - The REal Sharks have arrived.
CRYPTO:BTCUSD
by Orriginal
Bitcoin 50 & 100 SMA repeating patterns - UPDATE This is another UPDATE on a chart I have posted in the past and it is continuing to show us a stunning level of repeating patterns, which, if it continues, will make 2025 a year to remember. So, Lets dive in a nd see what we have here before I show you whats to come. The RED line is the 50 week SMA and the Blue is the 100 From the 2013 ATH, it took 504 days for the 50 SMA to drop below the 100. It remained below for 406 days and then it rose back above and PA began its rise to the Next ATH. From the 2017 ATH, it took 448 days for the 50 to drop below the 100 It remained below for 294 and then rose above and went to a new ATH From the 2021 ATH, it took 525 days for the 50 to drop below the 100, though it could also be said that it took 300 as there were 2 ATH that year, though the 2nd one could be seen as "outside of Scope" It remained below for 441 days before it finaly managed to break back over despite many "headwinds". It should also be nothed how the 100 fell below the 200 ( Yellow) for the first time in BTC history. This is a legacy of the Hard bear market in 2022. So, these day counts are not exactly the same but they are certainly with in a tolerance of Accuracy. But this is surprising to me. It was 1008 days from when the 50 rose above the 100, to when it fell back below in 2016 The 100 remained above for 294 days When the 50 rose back over the 100 in Dec 2019, it remained above for 1001 days, just 1 week less than the previous occasion. So, to me, I See a Flow of numbers with a near enough similarity, which allows me some Scope to show you the next Image. Using the 1000 day approx count to when we may see the 50 drop back below the 100, this brings us to august 2026. This Hapopens AFTER the ATH and using previous day counts, we can make a time period to maybe expect a "Top" ATH, shown with the Green Box. This ATH Zone is around Q2 & Q3 2025 And that date range has SO much confluence with other charts, it is scary......... BUT and this needs to be paid attention to, like a Valid Trendline, we need 3 "points" to make it Valid. This is all based on 2 "points" so may not work out TIME WILL TELL
INDEX:BTCUSD
by Orriginal
Bitcoin and its 2013 Fratal run - UPDATE- 1 Million USDT BTC ? This Bitcoin monthly chart shows us the Price Action ( PA ) since 2013 and a projection to Dec 2025. I posted this a number of Times since March 2023, showing the updates. I have super imposed the PA from the ATH of 2013 to the ATH in 2017. I anchored the 2013 ATH point to the ATH of Nov 2021 and, as you can see, Since that point, PA has followed that Fractal remarkably well, even to the point of the recent New ATH for BTC, that was said would happen last time I posted this chart. So, Where now ? There is one MAJOR difference between now and this Fractal and that is that the MACD is now OVERBOUGHT at this point in that Fractal ( June 2016) As we can also see, the RSI ( Blue line) is now in approx the same place on both occasions. But Given the overbought MACD, I think it is possible that we will now see the same 2 months of RED candles, small ones but certainly not Gainers. This also follows with the expected pattern of post Halving, where in the past we have seen either a pull back or Range..... The ETF inflows / outflows are now a dynamic we have not seen before and so there is a certain degree of uncertainty to what may happen now. But a sharp and large pull back is unlikely. SO, if we continue to follow this Fractal, we will see a Dip till Jun. From there a slow Range with maybe a total of 155% gain from that Low, that will include another new ATH in Early 2025. And from that point, Off we go and if we continue to follow that Fractal, we reach a new ATH of 1 Milllion USDT by Oct - Dec 2025 This Is NOT Guarenteed in any way - it all depends on following this Fractal....... But HANG ON, HODL and together, we CAN make this happen
CRYPTO:BTCUSD
by Orriginal
More reasons to see BIG ATH late 2025 - BItcoin As it says in the chart, These Trend lines are not formed by random placement but by the intersections of a line and the January Candles on this Bitcoin Monthly Chart going back to January 2013. It takes a minimum of 3 points to make a valid trendline..and this has been done here. The Lower trend line has a number of points and we can also see h ow in 2015, PA fell below. The upper Trend line has only 3 but it is interesting to see how every tim,e PA rose over this line. it went to ATH. It also rose over this line, nearer to a January candle than away from from it. The Upper sets of Day count are ATH to ATH and the 3rd is an estimation using the previous 2 day count. I have used the 2nd ATH in Nov 2021 as the ATH as that is what it was, despite many saying it was a False push, the day count between ATHs near match. This does put the projected Next ATH arounf September 2025. ( many charts show a new formed ATH in Early 2025 and there isno reason why PA could not reach higher after, as it did in 2021 ) So, that fline But I thought I needed to see if there was anything supporting this move. The Lower numbers are the day count from when PA broke over this Trend line to the time it next did that. And they are 1430 days apart and then 1219 days apart. Near enough for me to see a pattern but we need 3 and that will not happen till 2025 BUT as an estiame, I added these 2 numbers and then fivided by 2 and Look.....It will come over that trend line near Jan, arounf Nov / Dec 2024, The same as previously, Nearer to Jan than away from it. This is starting to look like a possibility to me. Oh..That ATH....Around $300K We Wait and I will see if there are anymore pointers to add to the growing list of ATH in Late 2025 But nothing is guaranteed. Remember that
INDEX:BTCUSD
by Orriginal
Bitcoin's Route to $3,000,000+: An Elliott Wave Based OutlookWhat are the possibilities for the future of Bitcoin? There's mixed perspective with the retail and institutional world of investors but to base things solely on my opinion of its all-time wavemapping, I think Bitcoin could see upwards of $3M-$4M per coin by the early 2030s. I too anticipate a number of heavy, undeniably deep corrections to come during that timeframe but Bulls should be able to do the heavy lifting to restore its value. Regardless of whether you're a lifelong Bitcoin fanatic or an unbiased trader for profit, the pending corrections can and should be avoided. This is how profits are maximized. Hopefully this is the last Bitcoin chart I'll ever have to share on TradingView but nevertheless, I will update accordingly.
BNC:BLX
by DigitalSurfTrading
9
Bitcoin's Probable Wavemap: $113K to $5KWhile Bitcoin's fate is unwritten, considering its historical, all-time price action there are certain signals that we should be able to gather, based solely on its continuous price action. Over the last few months, the wave count for BTC has been a bit muddy at best but should we be where I think we are, the Digital King will be soon on its way towards a new all-time high precisely in the range of $113K (based on BTC's all-inclusive wavemapping). Though this hypothetical pending pump will be euphoric for many of us retail traders, from where I sit, the unorthodox ATH will amount to nothing more than a sucker's rally. The days of enormous Bitcoin growth are on ice until the current corrective phase finishes. Bitcoin enthusiasts across the world are happy that the downward-swing is signaling the end of the #CryptoWinter. I definitely look forward to the #CryptoSpring as well, but I am not very optimistic that that the mid-term (3-5 years) forecast will result in the bulls favor! We could see seasonal swings of winter > spring > fall ... #CryptoWinter = 2021-2022 #CryptoSpring = 2022-2024 #CryptoFall = 2024-2027? Traders that have numbly relied on the Halvening to be the catalyst for Bitcoin's new growth cycle will likely be in for a rude awakening during the #CryptoFall. If/when Bitcoin Bulls are unable to maintain its current 5 year trend line, its heavy RSI divergence (since February 2021) should/could force a deep, healthy correction. Before Bitcoin is able to achieve more high-rate growth, it must first withstand a very probable, mind-blowing 93% correction from the likely ranges of $113K to $5K.
BNC:BLX
by DigitalSurfTrading
2
BITCOIN Deep Dive to find Bottom!Welcome Traders, Investors & Gamblers 😃 Let's Dive In and Find the Bottom! Daily Charts: Support & Resistance Levels On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already. Weekly Charts: 200 Week SMA & Falling Wedge: As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support to go back and test the resistance. 2017 $20k ATH: Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018. Monthly Charts: 200 Week SMA, 50 Month SMA: Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages. Fibonacci Retracement: The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020. I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
BITSTAMP:BTCUSDLong
by DeFeye
BITCOIN 1000 DAYS!Good Evening Traders, Investors & Gamblers 😃 The Idea is pretty simple, it took Bitcoin roughly 1000 days on average to get to a new All Time High after the previous one. That would take us to Summer (July/August) 2024 and roughly in line with the next Bitcoin halving! I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSD
by DeFeye
BITCOIN 360k+ Update!Happy Saturday Everyone! 😃 It's been a little over two weeks since my "crazy" post and video where I spoke about why I think that Bitcoin could reach 165k to 360k before we break the uptrend on the larger time frames and fall into a full on bear market. The original Idea and the follow up video got a lot of traffic and I want to thank all my new followers and @tradingview for the support! 😃🙏 I decided to post an update here on the Monthly BTCUSDT chart for better visibility. Original Idea: "...The Idea is simple, as you can see BTC has never fallen below the 200 Week SMA (black line), not even during black swan events like the start of the pandemic in 2020 ... Bitcoin hasn't found the top yet as an 85% correction from the current 69k top would take us to about 10k and we would have to break the 200 week SMA which as previously mentioned, has never been broken. Hence a result, to imitate the behaviour of Bitcoin during and after the ATH's in 2013 and 2017, BTC would have to rally to about 165k before dropping back down to the 200 week SMA..." Update: - The average correction after reaching a new ATH was 83% from top to bottom since 2010. - 360k+ is more likely than 165k top since the weekly 200 SMA reaches 60k+ (rough estimate) after BTC reaches a top of 360k+.. - All ATH's since 2010 are taken into consideration. Stay tuned for my Bitcoin update video 🎬, where I will discuss the most bullish path to reach those targets of 360k+ ! 📈 I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by DeFeye
13