Bitcoin Top Oct-Dec 2021 I took the 2017 fractal pattern from the first big pullback of the last cycle and added to this cycle showing a top on October 25th 2021 very interesting. Now that we hit 30000 ,we have three confluence points that create this bottom support line that puts together the final piece of the puzzle.
The Date can be narrowed down between late October to December 2021 with a price range of 155000 to 190000 dollars. I strongly believe that the genesis line(ibb.co) will not be broken this cycle it will act as resistance like it did in June 2019 at 14000. We also have a Fib time zone date coming in the week of December 13th 2021.
All bitcoin needs to do is not break this newly formed support line and we are good , a break of this support line and this analysis fails.
Crpyto
May 31st Decision Time (BITCOIN)We are coming up to the most important week of the bullrun for bitcoin , do we hold the 0.618 (fib Fan) Losing this fib level would change all Macro projections for this bullrun. May 31st is the day that could see a shift in momentum.
May 31st is a Monday, I expect a big move to start happening early hours of Monday before the trading day even starts for most. If these Fib time zones turn out to be accurate pivot points in bitcoin the next one would be January 10th 2022, the top of the Fib Band on this date will be 280k bitcoin which lines up with Plans B price prediction of 280k.
cointelegraph.com
If we do break this fib level(0.618 Fan) and starting closing weekly candles under it, next targets would be about 25k and this would be the last line that bitcoin needs to hold to keep this bull run going, a break of 0.75 Fib Fan would confirm that we are going into some kind of a small bear market.
BTC OutlookIf $30k holds, BTC will seek out $50k, with a $125k target in mind.
If $30k fails, $20k is the floor that needs to be tested.
BTC has maintained a constant uptrend since its inception. Long-term prospects for next target ($125k) are still good as long as BTC remains above $12k. Anything lower will indicate changing trend and should flush out many hands.
Concerns over Bitcoin's energy consumption are valid and tangible threat to BTC's growth. In the world of tech, being first to market does not guarantee long-term success. Bitcoin was able to experience explosive growth due to their single-hand dominance in the crypto-currency market. Now that there are hundreds of competitors who are multitudes of times more efficient than BTC, we can come to agree that "past performance is not indicative of future performance."
Note: Logarithmic scale used
Reversal Starting May 31st (BTC)If we start closing weekly candles above this 0.168 fib level we could see the start of a reversal coming , the date I get with the Fib time zones is May 31st . I have been covering this date here for weeks about that date possibly being an important pivot point , if we start closing weekly candles above 0.168 fib the chances are, momentum will swing to the upside. If we do break this fib next ,target would be 24k at the 0.75 fib.
Recovery will take weeks if not months, HODL .
If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.
– Satoshi Nakamoto
Possible surprise event! It looks like the bull are making fun with your emotions. We managed to buy the 31k-33k level drop. Our 33k buy order has a break even stop at 34k so we will take some profits on that if the market will start crashing again. And we change our 2nd long term position to this one!
This trade will be active once our 33k BUY trade will be closed at 34k.
Trade: BUY
Entry: 28184$
1st target: 45k
2nd target 60k
S/L: 26816 (-4.70%)
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Reversed Gann 185k Cycle Top (Bitcoin)Out of all the cycle top ideas I have published this is the one where things seem to line up together pretty well. Its unreal really how everything lines up, FIbonacci Time Zones , the Genesis line (click link below to see) , the 4/1 ratio at 20k.
Everything points to 185k Sometime in early January 2022
ibb.co = Genesis Line
Inverted Perspective (BTC)Sometimes inverting the chart can give you a interesting perspective on price momentum. simply right click the price list on the right hand side of trading view and a drop down box will will show "invert scale" , you can even do it now as you looking at this TA.
Not looking good for now , if we break 2/1 we could revisit 50k.
Path to ATH (BTC)Price needs to break past a few layers before we can see a all time high again , price hit ratio 1/1 and has had a massive bounce and also closes a 4hour candle above the next ratio 2/1. So far things looking good but everyone should be cautious until at least we break 4/1 at around 59k.
Bull Market 21EMA (BTC)In the last cycle bitcoin dropped about 5 times to the 21 weekly, 3 out of the 5 times the weekly RSI hit about 53. In fact to start the bullrun last cycle we started off the 21 weekly exactly the same as this bullrun
The 21 Weekly moving average sits at about 44000 and the weekly RSI is currently at 57, play close attention here because while every is panicking and selling there bitcoin we can prepare for the next long.
If the price comes back down to 44000 and the weekly RSI hits 53 and we get strong signs of reversal it could be an amazing entry.
Doge is holding Strong!The 6 month support line for doge is holding very strong only dipping below for moments and has corrected straight back into its pattern. I really feel like we will see another major pump in Doge past .50 cents soon. This is very simple chart analysis simply picking the high point and the low after that high and is not intended as educated financial advice.
Doge will become the currency of the world and people!This is an important point for doge if it can hold above the 6 month pattern and I believe it will! Doge has a great chance of becoming the fiat currency of the world and there are so many more important things coming for it! Coinbase acceptance will be absolutely missive if this happens. The outlook for doge picking up institutional acceptance on a world wide scale is becoming more and more real. I have strong faith that this will go higher, the current market cap is absolutely nothing on the scale that is possible.