Sorcery crossfire BLX
Updated
This idea is inspired by filbfilb's idea "What is this Sorcery?" (to filbfilb, I hope you don't mind me using it) I thought it would be fun to see if there was some way to cross reference with time, like everyone says, "when moon?" If you take the fib time zone from the low of cycle to the halving date the 2 lines up on cycle top, (its actually just slightly past) This chart was originally done on a daily to get the halving dates right and then switched to monthly, so yes those dates are a bit off, no need to comment on that. Anyway, what comes up in the crosshairs is 200k+ BTC in the 4th quarter of 2021.
Note
Now with the benefit of 3 years of hindsight, the "2" on the timeline actually did call the top, and though the "5" called the bottom early, the dotted line did provide the bottom price, now with the "3" showing that we have entered a new bull phase, I don't think BTC makes it to the top dotted line at 218k this cycle. Why? Because it failed to make it to the 2.618 ring last cycle, which now makes it the target for this cycle. So now we are looking for 85 - 95k, most likely in 2025. And again a hat tip to filbfilb
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