Bitcoin Market Cycles V1
Updated
Hello Traders,
Just a bit of speculation and fun here really. This chart is assuming Bitcoin will complete is corrective cycle and do a 85% retrace which ends 1/10/17. I dont know if this will happen, just plucking figures from air.
Then Bitcoin goes onto pump for 650 days finishing somewhere around 01/07/2020 at $54626. Timeframe and target just plucked again.
Just wanted a long timeframe chart to look at.
Not financial or trade advice.
Just a bit of speculation and fun here really. This chart is assuming Bitcoin will complete is corrective cycle and do a 85% retrace which ends 1/10/17. I dont know if this will happen, just plucking figures from air.
Then Bitcoin goes onto pump for 650 days finishing somewhere around 01/07/2020 at $54626. Timeframe and target just plucked again.
Just wanted a long timeframe chart to look at.
Not financial or trade advice.
Note
Look left for 1st market cycle. Ive tried to make this as "realistic" as possible. I dont see why an 85% retrace is out the question, time wise it might take longer or shorter than my idea here.
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