This is a cyclical timing framework which depends upon the timing of the reward halving, which halving creates upward price pressure (due to cut in rate of new supply in the face of stable and/or increasing demand). The market knows approximately when the halving will be in the future, and anticipates, begins to price in, with bull market strengthening after halving and ending with FOMO blow-off parabolic top.
Approximately 536 days prior to halving 2, BTC entered a horizontal bottoming phase which lasted approximately 291 days. At the initial bottom zone, RSI on 3 day chart hit a characteristic low and began it’s climb upward as price moved sideways.
After the sideways move, BTC entered a significant 245 days (pre-halving) + 531 days (post-halving) = total 776 day bull phase, terminating in a parabolic blow-off top.
Using timing relative to halving as an our reference point, we are already in the bottoming phase, the beginning of which correlates to the mid-Dec 2018 low (RSI on 3 day has similar look), and will continue through late September 2019. YOU ARE IN THE BUY ZONE. My plan is to accumulate regularly (dollar-cost-average) and BTFD during any significant lows before Sept 2019.
BTC will be in an ever powerful bull market for approximately 2-years, from October 2019 through late November 2021 with a price target of approximately 228K/BTC using similar % gains.
Approximately 536 days prior to halving 2, BTC entered a horizontal bottoming phase which lasted approximately 291 days. At the initial bottom zone, RSI on 3 day chart hit a characteristic low and began it’s climb upward as price moved sideways.
After the sideways move, BTC entered a significant 245 days (pre-halving) + 531 days (post-halving) = total 776 day bull phase, terminating in a parabolic blow-off top.
Using timing relative to halving as an our reference point, we are already in the bottoming phase, the beginning of which correlates to the mid-Dec 2018 low (RSI on 3 day has similar look), and will continue through late September 2019. YOU ARE IN THE BUY ZONE. My plan is to accumulate regularly (dollar-cost-average) and BTFD during any significant lows before Sept 2019.
BTC will be in an ever powerful bull market for approximately 2-years, from October 2019 through late November 2021 with a price target of approximately 228K/BTC using similar % gains.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.