I don't know how to properly us pitchforks...but I just based the centerline on the general upward long term trend. Key resistance points for centerline being on the $6,400 break down in end of 2018. Also rise to $14,000 in June of 2019. Also rise to $64,000 in April of 2021. I drew in red and green months for the future, the length of movement is randomly hand...
In trying to figure out if it is possible to still go above $100,000 this 4 year cycle... I've determined that if this chart is remotely correct, then it is impossible for btc prices to go above $100k before May of 2024. I hope it is wrong, but this suggest this 4 year cycle will top out at around $81,000 Then next 4 year cycle will top out at around $106,900 ...
Just something to look at
Just wanted to show the % gain that has historically been had following the major lows (after previous parabolic highs). This chart shows the % gain (from the major low points in each halving cycle - indicated by the red arrows) reaching back up to the previous all time high. As we approach $19,800 once again...being so close....just wanted to see how long we...
If 14.5k top on this leg up....then check these key levels to short
let me know your thoughts in the comments, thanks Unless we break out parabolic in the next week...I think it makes sense that the 200 day MA will be touched again for support before moving back up
Just a simple chart to visualize a summary of where we are, and where we could go.
Long Term Bitcoin Overview Showing everything within a proposed Long Term Symmetrical Triangle (Starts March 25th, 2017 and Ends around 4th of July, 2021) Looks like we are indeed within a Falling Wedge, but will break out of this wedge before Halving (predicted for May 14th, 2020) Halving Cross Line fits perfectly in the center of the Long Term Symmetrical...
This is just to try and provide a "moment in time" perspective. We have just had a couple crosses (today is 10/11/19)...and they are rare. But perhaps this chart is suggesting that the START of the next long 800 plus day hiatus of crosses could be in our future (perhaps starting sometime within the next 12 months)....which would be the start of watching Bitcoin's...