balzer54
Short

Could Bitcoin still make a lower low??

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking here we can see the fractal pattern in the green triangle and notice that the width of the triangle is supported by a low volume bulltrap in both the previous bull run and the one we are predicting for this cycle. The measured FIB move from the previous bulltrap ended at the top of the cycle before it which was also the 1.618 FIB line. Also, the measured move from the bulltrap this time would have the calculated 1.618 aligned perfectly with the high of the last run around $1200. The Fib Time cycle count says we are not quite finished with the correction as well. Also, all halvening dates are notated in the yellow vertical lines and I am predicting a halvening dump to rekt all the bulls who insist the halvening has to mean price increase. This is just a game of markets, money, and manipulation, so do not ever underestimate the power of the invisible hand. Also, giving prospective retail buys a cheaper chance to get in the game could be a serious driver for the number of bitcoin adopters, which will provide strength for the next run up.

Cheers!
lol, did you miss the bottom? just saying....
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balzer54 lucatoscani
@lucatoscani, I've been accumulating btc since $14, seen this pattern before. Cheers!
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Plz check my share ideas on tradingviwe
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Keep going with that work.
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good
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bear market for next 2 years ? hmmmm … ok
+1 Reply
balzer54 MaxL82
@MaxL82, Maybe just 1-1.5, we'll see.
+1 Reply
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