Bitcoin's 3 Market Cycles: Time & Price Analysis
Thought it was high time to update this ol' classic.
Key Notes
+ the RSI , which as you can see times the bottom perfectly; it really is all you need.
+ historically, the price has always come down to touch the 7MA during a bull run so history suggests either a) price to go a little lower, right now the 7MA is at around $8,000 and rising and support is around $8,800 or b) price goes sideways for a few months and waits for the 7MA to catch up.
+ Bull #2's increase was 17% of Bull #1's and Bull #3's increase was 17% of Bull #2's so if this pattern continues, Bull #4's increase will be 17% of Bull #3's thus making it a x15.76 from the bottom which was presumably $3,156 signalling the next all time high being $49,738.
Any questions or comments, fire them down below in the comments section.
Thanks for your viewing!
Key Notes
+ the RSI , which as you can see times the bottom perfectly; it really is all you need.
+ historically, the price has always come down to touch the 7MA during a bull run so history suggests either a) price to go a little lower, right now the 7MA is at around $8,000 and rising and support is around $8,800 or b) price goes sideways for a few months and waits for the 7MA to catch up.
+ Bull #2's increase was 17% of Bull #1's and Bull #3's increase was 17% of Bull #2's so if this pattern continues, Bull #4's increase will be 17% of Bull #3's thus making it a x15.76 from the bottom which was presumably $3,156 signalling the next all time high being $49,738.
Any questions or comments, fire them down below in the comments section.
Thanks for your viewing!
Comment:
Well, hello there Mr. 7MA. Beautiful bitcoin.
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