It’s a great pleasure for me to use TRADINGVIEW platform. I am greatly thankful to the pinescript LEGENDS ( @filbfilb , @glaz, @JayRogers, @QuantNomad , @Bjorgum, @LonesomeTheBlue and many more) who helped in understanding pinescript language (and helping me where ever I got struck in script). Here is my my little contribution to community: BTC Holy Grail Level.
This level (PURPLE LINE) has been tested by BTC 3 times (years) in history and has never got failed. 1st time: On 8th June 2012, HIGH was made ($31.91). Then it retraced back to Holy Grail Level at $4.12 (on 16th Feb 2012) which was 87.09% correction.
2nd time: On 29th November 2013, HIGH was made ($1242). Then it retraced back to Holy Grail Level at $176.78 (twice a year on 14th JAN 2015 and 18th Aug 2015) which was 85.77% correction.
3rd time: On 17th Dec 2017, HIGH was made ($19804.25). Then it retraced back to Holy Grail Level at $3823.43 (on 24th Nov 2018) which was 80.69% correction.
CURRENT SCENARIO 4th time possibility: On 8th Nov 2021, HIGH was made ($68997.75). BTC Holy Grail Level is at $15914.46 right now which is 76.93% correction.
THANKS.
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If we compare Bitcoin Logarithmic Growth Curves and Pi Cycle Bottom with BITCOIN Holy Grail Level, everything overlapped each other in past. But this time is going to be DIFFERENT as BITCOIN Holy Grail Level is far away from both indicator LEVELS.
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GAINS BTC hit after getting bounce back from Bitcoin Holy Grail Level..... Thats insane : 31910% + 12124% + 2108% (maybe HIGH has not hit till yet).