Bitcoin - December 2022 ATH
Updated
Hello my fellow Bitcoinistas!
This is a 1 month view of the Bitcoin BLX chart. If you take the vertical lines of the known halving dates they form the left hand side of a right triangle indicated in orange. The bottom of the triangles is the long-term trendline and the top of each triangle is the ATH of the previous Bitcoin cycle. If you project this information forward you can see the probable new ATH will happen around December 2022 and the next ATH is based on the top of the new triangle formed at the next halving. It may be a little confusing at first, but if you study this chart for a few minutes I think you can figure out what I mean. Obviously any movement of the lower trendline and unknow ATH can change the dimensions of the future looking triangle. But what is known for a fact is the prior and future halving dates as well as the previous cycle all time highs.
I hope this chart finds you well, and good luck with your Bitcoin stacking / trading...
BBS Out!
This is a 1 month view of the Bitcoin BLX chart. If you take the vertical lines of the known halving dates they form the left hand side of a right triangle indicated in orange. The bottom of the triangles is the long-term trendline and the top of each triangle is the ATH of the previous Bitcoin cycle. If you project this information forward you can see the probable new ATH will happen around December 2022 and the next ATH is based on the top of the new triangle formed at the next halving. It may be a little confusing at first, but if you study this chart for a few minutes I think you can figure out what I mean. Obviously any movement of the lower trendline and unknow ATH can change the dimensions of the future looking triangle. But what is known for a fact is the prior and future halving dates as well as the previous cycle all time highs.
I hope this chart finds you well, and good luck with your Bitcoin stacking / trading...
BBS Out!
Note
Bitcoin hit the rising orange trend line. Is this the bottom? Could be.....Good Luck!
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