BTC halvings

14 May 2022

In the past 2 BTC bear markets, shown below, BTC does at least 3 halvings when it crashes, pulling back ~40-70% each time. The last pullback is typically ~60%, marking capitulation.

In the current market we've seen two halvings, and now we're on a third pullback, which could be the capitulation. We seem to have started a leg 4 up, which could run as high as 32-34k before resuming the bear trend for leg 5. ABC after that could drop us as low as 15-17k, but I doubt it lasts long below 20k, if it gets there.

14 May 2022

Not

17 Haz 2022

Not

I like 15-17k now, but could see a 50% bounce here

19 Ağu 2022

Not

I was right again, looking for $10-12k for the last capitulation leg.

19 Ağu 2022

Not

It might not have completed the ABC yet tho

2 Eyl 2022

Not

If it makes a new low, this is what it might look like

21 Kas 2022

Not

I updated the chart's fibs and EW. Here's a close up

21 Kas 2022

Not

I would think 15k holds supp for at least a week as a psychological level, but 12k is the 1.6 fib it should settle on. Then maybe a 5th leg setup to 15k and then halve back down again $7500-6200 range.

On the fib channel down, it's running out of room. The 1 down is about zero, but the last support bounced off the .618, which matches with the vertical 2.6 fib of $6200.

Zoomed out