We always see "buy the dip" but I like to say "buy the right dip". Here is an idea of how it could play out similar.
Here is the updated Bitcoin general road map with both previous cycles scaled. This is the vision of original CTM Modeling Team; @jclcapital, @irandall13, & @tboydsto but seen through my lens. #CTM Strong.
Based on the CTM Modeling Team; Jordan/Ian, & Ted's vision through my lens. I've marked where I think price peaks & what date. We'll see how it plays out.
Bitcoin will have a short term correction first, then Long into wave 2 prior to wave 3 aka blow off top.
Wave 1 is taking the mid cycle dip low (July 20th) through a projected September 15th end point. From bottom to target 1 of wave 1, it would be a 98% gain. We'll see. :)
After countless charts, models, changes, etc..This is my final copy so it'll be interesting to see how it unfolds with Wave 1, Wave 2, & Wave 3 the Blow Off Top.
As we get closer to wave 1, seems like the box can be a smaller target area. Target 1 for me is the 1st magenta line. It'll be interesting to see how it unfolds.
Imagine if it's as simple as buying Bitcoin when it hits the bottom of this trend line & then selling once it hits the top. IF that was your strategy & IF price continues to touch both trend lines for this cycle and beyond, THEN you would gain 8,000%+ every 210,000 blocks aka 4 years.
I like to spot similar patterns, see if there are any possible matches and project how they might play out. This is what I see whether it's right or wrong, we'll see. :)
I bought a "peoples miner" for the "peoples network", plugged it in 6.5 weeks ago & currently my ROI is 231%. I'm not trading this as I'm collecting HNT rewards & then the plan is to sell at the peak around January 1st with possible 10X+ from $12. We'll see how it plays out.
Based on the Bitcoin general road map model that I published, this is how I see price reacting if the pattern continues to be similar to 2017 price. We'll see. :)
Please feel free to track the progress of this weekly BTC Log Chart which has been simplified from my 12 Month Candle Chart. Follow the blue line & you'll see that I think $360K +/- $10K, also threw on there a Vertical line for the week of Dec 20th but my other chart "3 Reasons Why I believe Dec 19th +/- 2 Days" has more details for on that. :)
Follow BTC price as it stays within "the pocket" of 2013 & 2017 BTC Daily Fractal and projected peak of Dec 19th. Based on the CTM Model & Vision of Jordan, Ian, & Ted shown through my lens. We'll see how it plays out. :)
When aligning 2013 & 2017 Daily Fractal from mid cycle dip (July 20th), along with Fibonacci trend-based tool, then I have 3 reasons why they are all near 150 days of each other. We'll see how it plays out. :)
Here is my TOO BOLD of a short-term bullish BTC chart. Vertical lines are dates I think targets 1 & 2 could hit by. :) Possible.
This chart is based on the CTM Modeling Team, specifically creators & ideas from Jordan, Ian, & Ted. This is seen through my lens and could very well be the general road map for the 2nd half of this bull cycle run. (That's correct, I believe the 2nd half has just started, which means the mid cycle low is in although not fully confirmed, and that we are not in a...
Three green weekly candle closes in a row, I think price retests ATH's & weekly orange resistance line near $60K by Sept 5th, we'll see.
The last two times weekly price bounced off of this trend line there were 7 weekly green candles in a row. Price is on it's second weekly green candle, we'll see if that happens again. Added my price target & the week I believe it happens from other charts that I have for the bull cycle peak.