Good Day, traders and investors,
You read that right, bitcoin is about to go parabolic!
How can I say this? I'm strictly basing it on cycle analysis.
This is a 2 week chart of Bitcoins Entire History.
I have broken down into phases 1 & 2 and cycles. Both phases are very distinct and have their very different characteristics. The RSI also helps distinguish the differences between the two phases.
So, first off the picture in black is the genesis fractal overlayed the latest bull run since 2023. It does rhyme fairly well with this bull run and points to a parabolic top into June 2025.
The RSI in phase 1 Shows bearish divergence the entire cycle as the price rises over the bull run with lower highs. At the same time the lows get higher and contracts then explodes into the final parabola and a blow off top, that leads into a higher high in price and RSI. This is the phase that is quickly approaching us. In the genesis cycle this parabola lasted for 5 2 week bars which is up to 10 weeks. In the phase 1 of the 2nd cycle it lasted for 6 2 week bars that converts up to 12 weeks. This could lead to the parabolic top into mid to late June. This is the phase is circled in the chart.
If June seems like an unlikely place to top for you, I say that it has once previously before, June of 2011.
The second phase although highlighted, I am not focusing on at the moment as it's irrelevant. The focus is Phase 1 and the RSI. Phase 2 is just there to show the difference and create some order in the chaos of the markets.
If you like this information and feel as it has helped you, please give me a like and follow on TV and my other listed socials, share the information with friends and others.
Also, Please feel free to let me know what you think in the comments down below. I would love to hear from you.
Kind regards,
WeAreSat0shi
You read that right, bitcoin is about to go parabolic!
How can I say this? I'm strictly basing it on cycle analysis.
This is a 2 week chart of Bitcoins Entire History.
I have broken down into phases 1 & 2 and cycles. Both phases are very distinct and have their very different characteristics. The RSI also helps distinguish the differences between the two phases.
So, first off the picture in black is the genesis fractal overlayed the latest bull run since 2023. It does rhyme fairly well with this bull run and points to a parabolic top into June 2025.
The RSI in phase 1 Shows bearish divergence the entire cycle as the price rises over the bull run with lower highs. At the same time the lows get higher and contracts then explodes into the final parabola and a blow off top, that leads into a higher high in price and RSI. This is the phase that is quickly approaching us. In the genesis cycle this parabola lasted for 5 2 week bars which is up to 10 weeks. In the phase 1 of the 2nd cycle it lasted for 6 2 week bars that converts up to 12 weeks. This could lead to the parabolic top into mid to late June. This is the phase is circled in the chart.
If June seems like an unlikely place to top for you, I say that it has once previously before, June of 2011.
The second phase although highlighted, I am not focusing on at the moment as it's irrelevant. The focus is Phase 1 and the RSI. Phase 2 is just there to show the difference and create some order in the chaos of the markets.
If you like this information and feel as it has helped you, please give me a like and follow on TV and my other listed socials, share the information with friends and others.
Also, Please feel free to let me know what you think in the comments down below. I would love to hear from you.
Kind regards,
WeAreSat0shi
Please follow me on more socials for further analysis
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
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.
Please follow me on more socials for further analysis
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
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.