Bitcoin cycle bottom (October - December) - Target 10000 - 14000
This idea works for both shorting to the bottom, and longing from the bottom into a 3 year bull cycle - as seen in previous BTC 4 year cycles.
PREVIOUS TARGET: My 2020 BTC top time frame prediction was 2 weeks from the absolute top, and my target missed by 8000 in terms of price (78k lower end target vs 70k realized). That said I did take a lot of profits between 40k - 60k, to not miss the absolute top.
FUTURE TARGET: Bitcoin cycle bottom estimation (October - December) - absolute bottom Target 10000 - 14000 at the lower band of Yope BTC virus channel. Combined with previous cycle 593 days estimate from BTC 2024 halvening to the bottom to find a possible bottom for this ongoing Bitcoin cycle.
Personally I will look into DCAing at ~21k, 18k, 16k, 14k, 12k - just to not miss the absolute predicted bottom. I will also buy into ETH at the same time frames because they are following each other closely. I give ETH a weight of 70% and BTC 30% in terms of how heavy I plan to buy in. Will also look at coins like SAND as a buy in the same time frames.
From there, BTC goes into a ~1 year sideways range, and 2 year of upside trend again, which I will be attempting to long from the bottom.
NFA
PREVIOUS TARGET: My 2020 BTC top time frame prediction was 2 weeks from the absolute top, and my target missed by 8000 in terms of price (78k lower end target vs 70k realized). That said I did take a lot of profits between 40k - 60k, to not miss the absolute top.
FUTURE TARGET: Bitcoin cycle bottom estimation (October - December) - absolute bottom Target 10000 - 14000 at the lower band of Yope BTC virus channel. Combined with previous cycle 593 days estimate from BTC 2024 halvening to the bottom to find a possible bottom for this ongoing Bitcoin cycle.
Personally I will look into DCAing at ~21k, 18k, 16k, 14k, 12k - just to not miss the absolute predicted bottom. I will also buy into ETH at the same time frames because they are following each other closely. I give ETH a weight of 70% and BTC 30% in terms of how heavy I plan to buy in. Will also look at coins like SAND as a buy in the same time frames.
From there, BTC goes into a ~1 year sideways range, and 2 year of upside trend again, which I will be attempting to long from the bottom.
NFA
Comment:
I will also be on the lookout for when we start getting "blue colored dots" on the Miner capitulation chart, since that has been when bottoms formed previously: stats.buybitcoinworldwide.com/miner-capitulation/