In order for this to play out without triggering a premature Pi Cycle Top, there will need to be massive volatility where in multiple waves the price spikes upward very quickly (e.g. within a couple weeks) and then crashes back down. And there will probably be a Pi Cycle Top in February if the price reaches $220 – $260k as projected/posited. So March would need to be a significant flash crash (akin to March 2020) which keeps the price down for several weeks. And then some insane moonshot verticality to $400k by mid-May. Also note the timing projection for May 17, 2022 is speculative based on the measured, posited repeating pattern from 2013 and thus inexact.
Remember the VIX is signaling a massive rise in volatility in March and/or Q2 2022.
C.f. also my prior idea that discussed the timing for the posited February peak.
And my prior idea that speculated on the price moves for a posited February peak.
Remember the VIX is signaling a massive rise in volatility in March and/or Q2 2022.
C.f. also my prior idea that discussed the timing for the posited February peak.
And my prior idea that speculated on the price moves for a posited February peak.
Comment:
So then I added the smaller time frames Fibonacci ellipses and bingo! They really predict the future of Bitcoin with amazing accuracy!
I hope you’ve figured out that I am not drawing them arbitrarily. I drag from the prior peak to the bottom of the lowest correction vertically to the horizontal position of the first correction from wave 1.
But for the small time frame tops, the horizontal position needs to be aligned to the bottom of the lowest correction.
I hope you’ve figured out that I am not drawing them arbitrarily. I drag from the prior peak to the bottom of the lowest correction vertically to the horizontal position of the first correction from wave 1.
But for the small time frame tops, the horizontal position needs to be aligned to the bottom of the lowest correction.
Comment:
Another interpretation and this makes more sense to me than a crazy move to $400k.
Here the bottom of the first correction for the aforementioned horizontal position is that second bottoming in February 2019.
In this case the posited incoming rise to ~$251k by February 2022, would be either be extending the Fibonacci band to 7.5 in green or an extension into a larger Fibonacci ellipse projection for the unknown price at Bitcoin’s inception.
Here the bottom of the first correction for the aforementioned horizontal position is that second bottoming in February 2019.
In this case the posited incoming rise to ~$251k by February 2022, would be either be extending the Fibonacci band to 7.5 in green or an extension into a larger Fibonacci ellipse projection for the unknown price at Bitcoin’s inception.
Comment:
Another confirmation is that 2.72 Fibonacci extensions have predicted the prior two major tops and is aligned with the prediction for the incoming major top.
I started with this one, to see what price it would project if the final peak would be in February. This one didn’t make sense because the angle was increasing over the prior cycle and the price rise would be too steep to be plausible.