The bullrun started in November 2022 - and has been increasing in price ever since.
It has been following the Fib Speed Resistance Fan along the .382 perfectly since then, only briefly dropping below, but never more than 7%...
I would say, After nearly two years of following this, This is a fairly perfect "Floor" line to follow.
Between March and October 2023, We had 216 days of consolidation before a major pump to the upside, So far, Between March 2024 and today, we have had 191 days of consolidation, Leaving a rough estimate of 25 more days before we could get a major move to the upside (If history repeats)...
We are in a descending parallel channel, Bouncing off the bottom, Once again - Off the .382 Fib Speed fan... We have an Inverse H+S Forming, disguised cleverly, within this channel.
We have formed a beautiful Long term C+H, from the previous Bullrun cycle, with a handle down to
49K, giving us a target of $100k Bitcoin
Everything is bullish here, and it is screaming to let rip. But are you?
It has been following the Fib Speed Resistance Fan along the .382 perfectly since then, only briefly dropping below, but never more than 7%...
I would say, After nearly two years of following this, This is a fairly perfect "Floor" line to follow.
Between March and October 2023, We had 216 days of consolidation before a major pump to the upside, So far, Between March 2024 and today, we have had 191 days of consolidation, Leaving a rough estimate of 25 more days before we could get a major move to the upside (If history repeats)...
We are in a descending parallel channel, Bouncing off the bottom, Once again - Off the .382 Fib Speed fan... We have an Inverse H+S Forming, disguised cleverly, within this channel.
We have formed a beautiful Long term C+H, from the previous Bullrun cycle, with a handle down to
49K, giving us a target of $100k BitcoinEverything is bullish here, and it is screaming to let rip. But are you?
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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.
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.