So, contrary to my previous bullish idea in which we could still hit the 2.272 fib measured from top 2018 to bottom bear market, there is of course always a bearish possibility. In such case i would be looking at something like this :
According to the halvings, market cycle lows occurred around 546 and 518 days before the halving event in previous cycles.
With the next halving estimated to be around 29/03/2024, the next cycle low should occur around 518-546 days before this date.
When we estimate 530 days, we should buy the cycle low around mid oct 2022.
When we project the ma200 to the future, btc could drop below it around this period @ around 23-26k.
Happy Trading !
According to the halvings, market cycle lows occurred around 546 and 518 days before the halving event in previous cycles.
With the next halving estimated to be around 29/03/2024, the next cycle low should occur around 518-546 days before this date.
When we estimate 530 days, we should buy the cycle low around mid oct 2022.
When we project the ma200 to the future, btc could drop below it around this period @ around 23-26k.
Happy Trading !
Comment:
oct-dec 2022 actually