We've already begun a short squeeze that will go much higher than people expect. This will turn into belief that cycle has bottomed and FOMO will carry it higher. Price will meet the the 200 day moving average and the sell zone of the current channel at the 29k support zone, now resistance, in late September. Shorts will have been thoroughly wrecked, and FOMO'ers...
Just posting some charts. We are close to cycle bottom but I don't know how exactly it's going to play out. Just shitposting ideas.
This is my projection for the next few and final months of the BTC cycle. If the consistent and precise cadence of the BTC 4 year cycle remains in tact, November will be the bottom of this cycle, but the details of how we arrive there, if indeed we do, are highly speculative. I'm just throwing this out there for bragging rights in case I'm right. In any case,...
Repost of my original idea, simplified for visual clarity.
Not saying this will happen, but accounting for the possibility. I remain short, but not over leveraged. Saving plenty of funds to add to my position at higher price.
When looking at the EMA Ribbon ribbon on the weekly chart over the course of BTC's history, you see clear and regular pattern. The yellow only crosses below 3 times: once each cycle after the all time high. Then the ribbon fully inverts leading into the cycle low, which comes 12 months after the cycle high. As of now, the yellow has crossed, but the ribbon has not...
Same as my previous ideas, just added a few things to the chart. (Lines between high and low of each cycle are exact same angle and 83% price drop. This time around 83% drop at same angle would go to $12k in November.) Just an idea on the seemingly regular cadence of the BTC 4 year cycle. I am basing my strategy on this. Short BTC to November rebalancing at...
Just an idea on the seemingly regular cadence of the BTC 4 year cycle. I am basing my strategy on this. Short BTC into November with regular rebalancing. When BTC hits the 200 week/50 month MA, and the RSI hits 30 on the weekly chart/44.5 on the monthly, switch long on BTC and long altcoins there as well, and just rebalance at support and resistance levels into...
This illustrates the cadence of the 4 year BTC cycle.