Bitcoin's 3 Market Cycles: Time & Price Analysis
Thought it was high time to update this ol' classic.
Key Notes
+ the RSI , which as you can see times the bottom perfectly; it really is all you need.
+ historically, the price has always come down to touch the 7MA during a bull run so history suggests either a) price to go a little lower, right now the 7MA is at around $8,000 and rising and support is around $8,800 or b) price goes sideways for a few months and waits for the 7MA to catch up.
+ Bull #2's increase was 17% of Bull #1's and Bull #3's increase was 17% of Bull #2's so if this pattern continues, Bull #4's increase will be 17% of Bull #3's thus making it a x15.76 from the bottom which was presumably $3,156 signalling the next all time high being $49,738.
Any questions or comments, fire them down below in the comments section.
Thanks for your viewing!
Key Notes
+ the RSI , which as you can see times the bottom perfectly; it really is all you need.
+ historically, the price has always come down to touch the 7MA during a bull run so history suggests either a) price to go a little lower, right now the 7MA is at around $8,000 and rising and support is around $8,800 or b) price goes sideways for a few months and waits for the 7MA to catch up.
+ Bull #2's increase was 17% of Bull #1's and Bull #3's increase was 17% of Bull #2's so if this pattern continues, Bull #4's increase will be 17% of Bull #3's thus making it a x15.76 from the bottom which was presumably $3,156 signalling the next all time high being $49,738.
Any questions or comments, fire them down below in the comments section.
Thanks for your viewing!
Not
Well, hello there Mr. 7MA. Beautiful bitcoin.Not
Not
Not
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.