I have detailed everything on the chart, however I will add a note here.
-Every bull run is decreasing in intensity by about 66%.
-Every bear market drops by about 85%
-Precisely one year before every Block Halving, we experience the start of a new bull market. This is mostly due to the fact that there's an increase in scarcity, which means that miners need to charge more for each Bitcoin for it to be profitable to mine (Aside from basic Supply / Demand).
- Fibonacci Time Zones are lining up, pointing towards a new bull market (I didn't add it on the chart, because it's already quite cluttered).
I'm expecting the bull market to start in June / July 2019, and end in the first half of 2022 at around $144,000. Expected trading range for the next 3 months: $3,100 - $5,600 with a potential liquidation dip to $2,800.
Don't let your emotions control you! Media might try hard to scare you with China FUD or whatever else, but remember to stay vigilant and stick to your game plan.
I am fairly a beginner in trading and chart analysis, so this is not financial advice - just my 2 cents.
-Hawk
-Every bull run is decreasing in intensity by about 66%.
-Every bear market drops by about 85%
-Precisely one year before every Block Halving, we experience the start of a new bull market. This is mostly due to the fact that there's an increase in scarcity, which means that miners need to charge more for each Bitcoin for it to be profitable to mine (Aside from basic Supply / Demand).
- Fibonacci Time Zones are lining up, pointing towards a new bull market (I didn't add it on the chart, because it's already quite cluttered).
I'm expecting the bull market to start in June / July 2019, and end in the first half of 2022 at around $144,000. Expected trading range for the next 3 months: $3,100 - $5,600 with a potential liquidation dip to $2,800.
Don't let your emotions control you! Media might try hard to scare you with China FUD or whatever else, but remember to stay vigilant and stick to your game plan.
I am fairly a beginner in trading and chart analysis, so this is not financial advice - just my 2 cents.
-Hawk