Jjesterr

Jjesterr

The 50% Fib Level (Purple Line) is THE MOST IMPORTANT since it is the deciding factor if we're going to the moon or not. We've yet to come back down for a short-term correction (breather), but that's okay -- this phase of Bitcoin is MUCH, MUCH different than the previous. All in all, we have to pay attention to the 50% Fib Level (Purple Line). If see a rejection...

Jjesterr Updated 

From the previous halving to the previous ATH took 525 days. Will this cycle take around the same time, sooner, or longer? Also, the current RSI on the weekly is extremely HIGH -- we're due for a pullback. The last time this happened before hitting the all time high at 20k, we dropped 40%. IF WE DROP 40% from here, we'll go back down to at around 12k/13k...

Jjesterr

Are we due for a retest of fib support at 21/22K?

Jjesterr

On the 1hr frame, are we forming a cup/handle after the triangle breakout? ~guestimated~ Price target noted by price range and h.w.line.

Jjesterr

A continuation pattern as well as a reversal pattern. The upside is good, but the downside is just as bad. Wait for the breakout. Be careful for a fakeout to either side. What do you think? Up or Down?

Jjesterr

1hr/4hr Bull Flag to 31k.

Jjesterr

Possible scenario based on FRT. In short term we could hit 31k, and in short term we could also see a 40% pull back down to 18k or wick into 16-17k then pump back up to close to 40k. With the price higher than before, a sell off is not at all far fetched. However, if the prices do go down to 18k again that would be a huge discount for all parties to buy back and...

Jjesterr Updated 

Let's say we do hit the all-time high around Oct of 2021 AND we had a bear cycle again. IF the bear cycle lasts as long as the previous (868d) that would put us exactly into the next halving. AND let's also add in the runup to 14k: we bottom'd in 364d post ATH, then in 196d, following, launched into the mid.fib level (50%). THEN we'll repeat the sideways trend...

Jjesterr

We're overbought on the weekly. We need a downside move, and now would be a good time for that to coil up for the next big move. Another indicator is on the daily, we have a huge wick to the upside -- bearish omen. If we break the lower green line, we're in for a fall atleast 5% or according to fib.rt. a 10% drop on a daily, and possibly an up to 40% drop on the...

Jjesterr

Let's say history repeats itself in how Bitcoin reached it's high of 20k. From the second halving... It took roughly 266 days before the price trend took off from the lowest fib.trend level (bottom red). Afterwards, it took about 203 days for it to reach and go beyond the mid fib.trend level (middle green). Within 63 days of break above the mid fib.trend...