I have taken 4 indicators into consideration to help us find confluence so that we can give ourselves a better idea of where this bottom could be and BUY THE DIP 1) FIB RETRACEMENT LEVELS- The 0.786 fib is sitting at $0.17 2) PREVIOUS ALL-TIME HIGH RETEST -The last all-time high daily close was at $0.17 15 July 2021 and we could be heading for a retest of this...
Very simple and clean-If you follow the trendline on the monthly timeframe, it held as resistance, we then broke out of it in August and then tested it as support in September which is a very bullish sign!
I see a lot of traders complicating matters and looking at bitcoins short term price movements and doing a lot of short term TA. I am trying to keep it simple. Bitcoin is in a huge triangle and I believe we going to see volatility lowering over time until Bitcoin either breaks to the upside or downside of this triangle. I personally think it will break to the...
CYCLE 1 Inception- 2011 (6 June) the first cycle high $32 CYCLE 2 PEAKS: 2011 (6 June) – 2013 (25 November) $1177 29.5 months CYCLE 3 PEAKS: 2013 (25 November)- 2017(11 December) $20,000 48.5 months - 64% OR 19 months longer than the 2011-2013 peak of 29.5months Below are price and time predictions based on the logarithmic chart as well as an extrapolation of...
BITCOIN PRICE PREDICTIONS CYCLE 1 Inception- 2011 (6 June) the first cycle high $32 CYCLE 2 PEAKS: 2011 (6 June) – 2013 (25 November) $1177 29.5 months CYCLE 3 PEAKS: 2013 (25 November)- 2017(11 December) $20,000 48.5 months - 64% / 19 months longer than 2011-2013 peak of 29.5months Below is price and time predictions based on the logarithmic chart as well...