arvine11
in my opinion this scenario is not out of mind :))
possible movements for bitcoin in this cycle. not financial advice
it's not a bear market... it's not a bear market...
we will see which fractal is the answer if strong rebound happen on 32K and break 49K its exactly like 2015-2017 and if price break all supports down to 20K so it must be like 2019-2021.
it seems stochastic rsi with settings (3 3 14 14) is magical in monthly time frame, just need to pay attention to breakout above level 20 to finding start of a cycle. Thank you
it's similar to 2015-2018, i think 28-30K should hold to make it. dyor
bitcoin in this cycle shall not come lower than 20K and target is 330K by May 2025.
so far similarity with 2015-2018 is 100% and it needs two confirmations for 700K+ first 32k to 22k and second 49k to 32k.
i think this analysis with high probability will happen.
a 7 years cycle near ending with 5 waves. not financial advice
Three unusual dump and pump for Bitcoin history so far: 1- 2022 price dumped to 8000$ 2- 2023 price pumped to 140000$ 3- 2023 price dumped to 2700$ i want to say all crypto holders will rekt!!! why? because they never allow folks by holding crypto making millions or billions. these are all signs that big players of market are dumping and pumping exclusively...
Dow Jones has broken an important fibonacci sequence (28000) and ready to hit 46000 as next resistance. when dow jones is bullish all markets will rise.
etherium is repeating bitcoin's performance during rally of 2015-2017 with same target, its a chance to hit 19000.
after reviewing some stock markets history and my wave analysis i reached to this.
based on observations of the previous cycle i think this is the path.
i think it's a meaningful elliott waves counting. not financial advice
november 2015 to december 2017 Fib 2.414 @ 20000 november 2023 to december 2025 Fib 2.414 @ 560000 2010 to 2017 almost 7 years cycle with 5 waves. 2019 to 2025 almost 7 years cycle with 5 waves.
it's possible price never go lower than 25000 in this cycle. not financial advice