Price upward then strong Correction before halving!!
My predictions do quite well so it's worth your time to keep this chart around. Here's my last one from November. --> As a basis for developing this chart, I used the historical price action of Bitcoin before the halving, in conjunction with fundamental analysis of things like the growth in wallets, Hodl %, hash-rate, difficulty, new code updates upcoming....
To add to the major ABCD pattern noted in my previous posts, I've added support and resistant zones. I won't be concerned so long as the price stays within these support and resistance zones. I've also added a minor resistance zone, the price can be influenced by so many different factors that minor breaks in support and resistance is nothing new. Which is also...
Bitcoin Halving approaching, looking like the bottom is in or very close to it. Take with it what you will, all points are estimations! Enjoy $BTC #BTC #BTCUSD #BITCOIN
Golden cross? Check! Major EMA's as support? Check! Above cloud? Check! True golden cross? Check! FA catalyst! Check! Halving ;) Positive sentiment? Check? Bulls are in control! LTC will break out imo. However this is not the moment to go for a long position IMO. Let it retrace to .236 or even better .368 fib level. Once LTC breaks out, other high caps will...
2021: 130k 2025: 500k 2029: 1,5M 2033: 3M 2037: 6M 2041: 10M La precisione, prima di tutto: photos.app.goo.gl
I have to admit that LTC is more bullish than I thought. Apparently everyone is anticipating the halving rally, therefore it takes place even earlier than in 2015. Now, I see two paths, depending on the behavior of BTC in the coming weeks. 1. Green path: BTC doesnt dump soon, instead goes sideways, or even upwards retesting the logarithmic resistance. In this...
This allows scaling of the bitcoin supply to more accurately identify trends set by previous market (mining) cycles to identify useful points of support/resistance.
Last bottom of Bitcoin was 1.5 years before "Halvening". We are now exactly 1.5 years before halvening. Perhaps we have already hit bottom.