Long Term, I have every belief that #Bitcoin will stay above this long term Lower trendline on a weekly chart However, as we can see from March '20, given certain fundamentals, it can wick down below But recovery was relatively quick Tomorrow, Jan 9th, We have possible another HUGE Crypto problem with the contested Debt that Digital Currency Group ( DCG )...
Monthly #Bitcoin chart with Halving dates what is notable is how much the % increase in PA has been dropping each halving. 2012 Halving 10K% rise after 2016 Halving 3,5K% rise after 2020 Halving 700 % rise after Projected PA below would also be 700% BUT, Bitcoin is far more public now and the Halving Pumps will be talked about aLot. Could the Next halving...
Bitcoin Weekly chart The Vertical Red lines are Fib Time Zones and these ones are Bearish PA got Rejection off every one and the next one is on week of 2nd Jan which also intersects with the 4.618 Fib circle, As you can see, Previous 618's have also caused Rejection though PA may have descended before hitting the 3.618 End od Dec, Beginning of Jan has many...
They say 3 tounchs on a trendline is minimum to create valid line and so this maybe the 3rd This is purely based on observations of simialr time scales and only time will tell if this is going to work. It does however, marry up well with some other ideas and Bitcoins future path. This does, of course, rely very much n the fundamentals and everything is being...
This is just an idea but since the BTC Nov '21 ATH , on a weekly chart, we have followed a very similar path to that of 2017/18 So, Copying the candles from 2017 ATH to '21 ATH in Feb, I have overlayed them and this is what we get Also Note how th etrendline off the tops of the '21 Highs, when projected, appear to act as support in 2024, at the near ATH maybe...