Btc going bullish (historic repeat)
Updated
The april 2021 drop of $36000 lasted 96days in total before bouncing up and making all time highs in November 2021 now since November as you could expect the price has been dropping by a substantial amount ($25000+ to be more specific). Using this info i can work out a wide estimate of when btc will start to rise again.
Using some basic math i have concluded that the present drop in btc should last 67.2days in total give or take 10days (More specific time range in bold at the bottom of this idea), we are currently around the 62 day mark of the drop so we should be expecting price to reverse back tot the upside fairly soon. (see my analysis below don't take my word for it)
How i came to this conclusion:
Looking at the current triangle pattern on the daily timeframe you can already estimate the price where we will start to see the rise but just not when it will rise, so for the sake of this example and so its not a complete guess lets just stick to the amount btc has already dropped in the present dip ($25000) even tho i expect it to drop atleast another $1000.
The math behind the statement:
Drop1(April 2021) $36000 - 96days,
Drop2(November 2021) $25000 - ?
Basic math -
drop2 is 70% of drop1 ($25000 is 70% of $36000).
So if i do 70% of the total days the drop took to complete in drop1 i will have a rough (to ratio) drop time.
70% of 96days is 67.2days.
Additional info:
Obviously this is a estimation but a fairly accurate one, i would suggest to give or take 10 days.
Also i would like to add this math was done on a $25000 drop more realistically id expect to see $28000, so below ill use my formula to recalculate the time it will take but substitute $25000 for $28000.
Drop1(April 2021) $36000 - 96days
Drop2(November 2021) $28000 - ?
$28000 is 78% of $36000.
78% of 96days is 74.88Days.
Overall id expect it to take in between these 2 answers no longer and no shorter but as you will all know you can never be certain.
62.2days - 74.8days would be my most precise answer so if you read this far there you go and please let me know what you think.
Using some basic math i have concluded that the present drop in btc should last 67.2days in total give or take 10days (More specific time range in bold at the bottom of this idea), we are currently around the 62 day mark of the drop so we should be expecting price to reverse back tot the upside fairly soon. (see my analysis below don't take my word for it)
How i came to this conclusion:
Looking at the current triangle pattern on the daily timeframe you can already estimate the price where we will start to see the rise but just not when it will rise, so for the sake of this example and so its not a complete guess lets just stick to the amount btc has already dropped in the present dip ($25000) even tho i expect it to drop atleast another $1000.
The math behind the statement:
Drop1(April 2021) $36000 - 96days,
Drop2(November 2021) $25000 - ?
Basic math -
drop2 is 70% of drop1 ($25000 is 70% of $36000).
So if i do 70% of the total days the drop took to complete in drop1 i will have a rough (to ratio) drop time.
70% of 96days is 67.2days.
Additional info:
Obviously this is a estimation but a fairly accurate one, i would suggest to give or take 10 days.
Also i would like to add this math was done on a $25000 drop more realistically id expect to see $28000, so below ill use my formula to recalculate the time it will take but substitute $25000 for $28000.
Drop1(April 2021) $36000 - 96days
Drop2(November 2021) $28000 - ?
$28000 is 78% of $36000.
78% of 96days is 74.88Days.
Overall id expect it to take in between these 2 answers no longer and no shorter but as you will all know you can never be certain.
62.2days - 74.8days would be my most precise answer so if you read this far there you go and please let me know what you think.
Note
As we continue to drop nearer the September support i have set by buy zone anywhere between $3,1000 & $29,900.Should reach $31,000 without issue but anywhere further from there will be a push, the nearer we close to the $20,000's the more buying pressure there will be so dont get greedy and miss your chance at buying low. expect a big impulse move as soon as we near that point (if we do.)
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