Notice the symmetry between a halving and a sharp increase in price. The next halving date is estimated to be 20/05/2022 which ties in to the bottom of the sine wave.
First halving was around $13.36. The price then went up inside an impulse wave 3 and found a bottom around $155 which ties into a 0.854 fibonacci retrace. Second halving happened around $550 and then went up inside another wave 3. As far as a bottom or retracement is concerned we are currently in between the 0.618 and 0.764 retrace. Maybe Bitcoin will find its bottom on the 0.786 or 0.854 retrace levels.
This is nice and still can believe that I made an idea few hours ago and now found yours idea that showing almost same thoughts, wow...good luck
CaramelSpaceFrog
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this is what i whant to tell to people we can really know when is bottom based on bitcoin halving pretty easy 2 times happens, third time is sure will happen too
TheAlphaTrades
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Woah! This is by far the most interesting chart. Great work!
In today's Bitcoin analysis I discuss the ProShares ETF decision, the bullish and bearish setups on multiple time frames and price contraction clearly looking for a big break in either direction, August 23rd is the day to watch:
Just noticed, first halving on this chart was about 14.50. Then the price shot up. Found a bottom at 1450.00. X 10.
Second halving not so clear but looks about 580-620. Then price shot up. Finding a bottom at 5800-6200. X 10. Anyone else see this