We have some resistance to over come , but look very bullish over the long term.
All the price level and timing is based on the only thing we can info about the future is the halving date and the price on that date. Price level to I will add and the time frame I am looking to add. Also looking at the bottom green curve as support. Purple vertical is halving dates and horizontal purple line is price at halving. Looking around I hav the range of...
If we have a normal cycle or if the cycle is changes. Possible paths. If things get bad we could retest the 3k-4k area- low chance. 15k-12k if cycle continues. 6k is fed steps in to save the stock market. Crazy times!
The blue line is possible updated path and levels of support and resistance. We are approaching resistance the red box.
Crude Oil . First we have to break the blue curve then there is support at the green box and then the resistance at the red box. If we break below the green box then to the thick orange line. Eventually to the very bottom. Lot of ifs. Let see.
Gold possible path. Side ways then break out to the red box then correct to the green box then to 3400 to 3500 then correction.
The top for this bull look like about 6k. Gold has repeated and hit projections twice before in major bull market top. Lets see if that happens again. I have been on board since 2019. Just my thoughts.
The super long term projection is just having fun with charting. But the projection for the next top could play out because it has done so the last two time. It is decreasing so may almost make it the target box but be short by a little. The current runs projected moves are base on the last bulls fib levels. The levels are going to be off but am more confident on...
Once reaching resistance then range bound to down. The red box is resistance area then to support then back up to little lower than the previous peak then going much lower to very bottom of current support with a possible break after a bounce.
If support holds we go up till the red box 1 then sideways to up till red box 2 then waterfall down.
Same as the hourly chart. Bearish till summer to fall for major low about 15k then bullish till 130-140k in 2024.
We reached the first resistance level and reacting off that and we should go to support to about 40.3k to bounce . If we don't break the blue support line we can keep going higher to 48-51k and that should be it. The we make new low but will bounce back until final break to 15k area for the major bottom. Then next bull to 130-140k in 2024. My guess.
Possible path if we don't get a waterfall ( low chances). We should drop in the channel and then have a big bounce once broken and then trade in a range in a triangle and break, then a waterfall drop to the final lows. Path is a guess, but levels look good.
ETH crypto winter target and time range. 1000 to 800 looking to buy other alt coins, ETH sucks, too much gas fees. There a lot of great options. DYOR
We are still in the toping red box. Wait to buy after the middle of next year. We will have bounces and drops but will be in a big range till the drop.
Long term still super BULLISH but we may have entered a new bear market. HAVE PATIENCE! Be ready to buy when the time comes! Halving controls the Bitcoin cycles. Fact! Halving = Purple vertical lines Price at Halving = Purple horizontal lines The points of intersections from the Halving curve = Purple curved line (can use to predict price at next...
Long term bullish, but approaching cycle top , looking a big move up then correction.